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Income tax, in plain English

Short, practical guides to filing a routine Indian income-tax return — regimes, Form 16, ITR forms and deductions. Independent software by MaxLeaf; not tax advice.

Regimes

Old vs New Tax Regime: How to Decide (AY 2026-27)

The New regime is now the default. Lower slab rates but fewer deductions — here's how to work out which one actually costs you less.

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Form 16

How to Read Your Form 16: Part A vs Part B

What every box on your Form 16 means, what to cross-check, and how it maps to your income-tax return.

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ITR forms

ITR-1 vs ITR-4 (Sugam): Which Form Should You Use?

Salaried with a Form 16, or running a small business or profession on presumptive taxation? Here's how to pick the right form.

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Deductions

Section 80C, 80D & the Deductions That Matter

The deductions most salaried Indians use — 80C, 80CCD(1B) NPS, 80D, 80E, 80G — and why they're Old-regime only.

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HRA

HRA Exemption Explained: How Much Rent Is Tax-Free?

The least-of-three rule, what counts as salary, metro vs non-metro, and the rent receipts you need.

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Advance tax

Advance Tax & Section 234B / 234C Interest

When you must pay advance tax, the quarterly due dates, and how 234A/234B/234C interest is charged.

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26AS & AIS

Form 26AS vs AIS: Why They Must Match

What each statement contains, how they differ, and why your return should reconcile with both.

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Salary

Standard Deduction & Salary Exemptions

The flat standard deduction plus HRA, LTA and the other salary exemptions — and how they differ by regime.

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Home loan

Section 24(b): Home-Loan Interest Deduction

The ₹2 lakh self-occupied cap, let-out rules, pre-construction interest, and the New-regime catch.

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Capital gains

Capital Gains Basics: Which ITR Form Do You Need?

Short-term vs long-term, equity vs property, and why capital gains usually mean ITR-2 or ITR-3.

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Presumptive

Presumptive Taxation: 44AD vs 44ADA vs 44AE

Who qualifies, the income percentages, the catches, and how it's filed on ITR-4.

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NRI

NRI Income Tax in India: The Basics

How residential status decides what you're taxed on, India-source income, TDS, DTAA and the right ITR.

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Slabs

Income Tax Slabs for AY 2026-27 (Old vs New)

Both regimes' slab rates, the 87A rebate (zero tax up to ₹12 lakh under the New regime), surcharge and cess.

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Due dates

ITR Filing Due Dates for AY 2026-27

When to file (31 July and beyond), belated/revised deadlines, and the late fee & interest if you miss them.

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Filing

How to File Your ITR Online: Step by Step

From gathering documents to picking the form and regime, preparing the return, uploading and e-verifying.

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Refunds

How to Check Your Income Tax Refund Status

Where to check, what each status means, and the usual reasons a refund gets delayed.

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