The 49Tax Blog
Indian Income Tax, Explained in Plain English
127+ practical guides on ITR filing, old vs new regime, deductions, capital gains, TDS, and tax planning — written for salaried professionals and investors in India.
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Latest Articles
1 September 2026
PMS and AIF Taxation in India: How Your Portfolio Management and Alternative Fund Income Is Taxed (AY 2026-27)
How PMS and AIF income is taxed in AY 2026-27: pass-through rules, Form 64C, why PMS fees are not deductible, and how to report it all in your ITR.
Read article →31 August 2026
Section 80EE, 80EEA and 80EEB: The Extra Loan Interest Deductions You Can Still Claim in AY 2026-27
80EE, 80EEA and 80EEB are closed to new loans but still claimable on running ones. Eligibility, limits and how to claim them in AY 2026-27.
Read article →30 August 2026
Buying Property from an NRI Seller: TDS Under Section 195, Form 27Q and the Lower Deduction Certificate (AY 2026-27)
If your property seller is an NRI, Section 194-IA does not apply. Here is the TDS rate, TAN requirement, Form 27Q filing and Section 197 certificate.
Read article →29 August 2026
Income Tax for Merchant Navy Seafarers in India: NRI Status, Rule 126 and Filing Guide (AY 2026-27)
How merchant navy seafarers are taxed in India: the 182-day rule, Rule 126 CDC day counting, NRE salary credits, and which ITR to file for AY 2026-27.
Read article →28 August 2026
Income Tax for Doctors in India: Consultancy Fees, Section 44ADA and Filing Guide (AY 2026-27)
How doctors are taxed in India: salary vs consultancy fees, Section 44ADA, TDS 194J, clinic expenses and pharma freebies for AY 2026-27.
Read article →27 August 2026
Are Credit Card Rewards, Cashback and Referral Bonuses Taxable in India? (AY 2026-27)
When cashback and reward points are tax-free, when referral bonuses and prizes are taxable, TDS under 194R, and how to report it all in your ITR.
Read article →26 August 2026
Income Tax for Armed Forces Personnel in India: Exempt Allowances, Disability Pension & Filing Guide (AY 2026-27)
Which defence allowances are tax-free, how disability and gallantry pensions are taxed, Agniveer 80CCH benefits, and which tax regime suits you.
Read article →25 August 2026
Tax Benefits on Children's Education in India: Tuition Fees, Allowances and Exemptions (AY 2026-27)
Claim tuition fees under 80C, children education allowance, hostel allowance, scholarship exemption and TCS relief on overseas fees for AY 2026-27.
Read article →24 August 2026
Tax on Sale of Agricultural Land in India: Rural vs Urban, Section 54B and Exemptions (AY 2026-27)
Is selling agricultural land taxable in India? Understand the rural vs urban test, Section 54B exemption, Section 10(37) and ITR reporting for AY 2026-27.
Read article →Start Here
Essential Reads for Every Taxpayer
The fundamentals — how salary is taxed, which regime to pick, and where your money can be saved.
17 June 2026
How to Calculate Income Tax on Salary: Step-by-Step Guide with Examples (AY 2026-27)
Learn how to calculate your income tax on salary from scratch — gross salary to final tax payable — with worked examples under both regimes for AY 2026-27.
Read article →24 March 2026
Old Tax Regime vs New Tax Regime: Which Saves More in 2026?
A detailed comparison of India's old and new tax regimes for AY 2026-27. Includes tax slabs, deduction limits, and examples to help you pick the right one.
Read article →20 March 2026
How to Read Your Form 16: Every Section Explained
A plain-English breakdown of every part of Form 16 — Part A, Part B, salary details, deductions, and TDS. Know exactly what your employer reported.
Read article →25 March 2026
ITR-1 vs ITR-2: Which Form Should You File?
Confused between ITR-1 and ITR-2? This guide explains who should file which form, the key differences, and how to decide based on your income sources.
Read article →22 March 2026
Section 80C Deductions: Complete List & Guide for 2026
Everything you need to know about Section 80C tax deductions — eligible investments, limits, and how to claim them in your ITR for AY 2026-27.
Read article →21 March 2026
Capital Gains Tax on Stocks & Mutual Funds: ITR-2 Guide
How capital gains from stocks, mutual funds, and other assets are taxed in India. Covers STCG, LTCG, exemptions, and how to report them in ITR-2.
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