80D (now Section 126 under the Income-tax Act, 2025) lets you deduct health insurance premiums up to Rs 25,000 + Rs 25,000 – Rs 50,000 per bucket for senior citizens. Limits, conditions and a worked example for FY 2026-27.
The 3rd advance tax instalment for FY 2026-27 is due 15 December 2026: cumulative 75% of estimated tax. Who must pay, how to compute it, who is exempt, and what interest applies if you miss it.
44ADA is now Section 58 of the Income-tax Act, 2025. Freelancers in listed professions can declare 50% of receipts as profit, skip books and audit, and file ITR-4 — up to Rs 75 lakh for digital receipts.
SAC codes for consultants and freelancers in India (2026): the full 998311–998399 list with 18% GST rate, how to pick the right code, invoice rules, and what a wrong code costs.
GSTR-1 reports your sales invoice by invoice; GSTR-3B is the summary where you claim ITC and pay tax. Due dates, late fees, the sequence rule, and what happens when they don’t match — explained for freelancers and small businesses.
Form 10-IEA is the declaration business owners and freelancers file to opt out of the default new tax regime. Who must file it, the hard deadline, the one-time switch rule, and the step-by-step online process.
If you pay rent above ₹50,000 in a month, you must deduct TDS. Businesses use Section 194-I (10% or 2%), salaried individuals use Section 194-IB (2%, once a year). New Section 393 under the Income-tax Act, 2025 explained.
Do freelancers need GST registration in 2026? The Rs 20 lakh threshold, 18% rate, LUT for foreign clients, SAC codes and return filing – explained simply.
Section 80C is now Section 123 under the Income Tax Act 2025. The Rs 1.5 lakh deduction limit, eligible investments, and old-regime-only rule are unchanged – only the number changed.
Marginal relief caps your tax at the amount by which your income exceeds ₹12 lakh. Worked examples for the new regime, the relief zone up to ₹12,70,588, and who doesn’t qualify.