File your Income Tax Return — same day, done right.

Depends entirely on your deductions. New regime wins if your total deductions (80C + 80D + HRA + home loan + LTA + NPS) are below ~₹4.25 lakh on ₹15L salary. Old regime wins if above.

For salaried without HRA and home loan, new regime almost always wins because zero tax up to ₹12.75L (₹75k std deduction + ₹12L rebate).

Rule of thumb: young salaried without dependents → new. Mid-career with home loan + HRA + PF + insurance → often old. We compute both automatically.

Yes — for resident individuals with net taxable income up to ₹12 lakh. The Section 87A rebate of ₹60,000 exactly cancels the tax computed on income up to ₹12L under new-regime slabs. Result: zero tax.

Salaried get ₹75,000 standard deduction on top, so salary up to ₹12.75 lakh is effectively tax-free.

Caveat: LTCG under Section 112A and other special-rate income don't get the rebate — they're taxed separately at flat rates.

Salaried without business income: yes, switch freely every year by ticking the right box in ITR. Compare both, pick the better one.

Business income (ITR-3/4): you can opt OUT of new regime only ONCE. To re-enter old regime after switching, you can't go back to new regime again. Choose carefully with a CA.

Not allowed in new regime: 80C (LIC, PPF, ELSS), 80D (health insurance), 80DD, 80DDB, 80E (education loan), 80G (donations), HRA exemption, LTA exemption, home loan interest u/s 24(b) for self-occupied property, entertainment allowance, professional tax paid by employer.

Still allowed in new regime: standard deduction ₹75,000, employer NPS contribution u/s 80CCD(2), interest on let-out home loan (Section 24 limited to loss set-off).

Simple ITR-1/4 salaried: same day from receipt of documents. Complex ITR-2/3 with capital gains, F&O, or foreign income: 2-4 days for full computation and review.

We share draft computation for your approval before filing. Once approved, filed and e-verified within 2 hours.

No. Entire process is remote — WhatsApp, email, and portal. Physical presence not required.

Four options: (1) Aadhaar OTP — instant, recommended, needs Aadhaar-linked mobile; (2) Net banking — via authorised banks; (3) EVC via bank a/c or Demat; (4) Physical ITR-V — sign and post to CPC Bengaluru within 30 days.

We handle e-verification for you the same day using Aadhaar OTP where possible.

For simple ITR-1 salaried refunds: typically 7-30 days after e-verification. For complex returns or first-time filers: 30-90 days. Bank must be pre-validated on income tax portal.

Delayed refunds earn 6% p.a. interest u/s 244A from 1 April of AY (or date of filing if late). Track on portal or via our client dashboard.

Late fee u/s 234F: ₹1,000 if income ≤ ₹5L, ₹5,000 if income > ₹5L. Plus interest u/s 234A at 1% per month on unpaid tax from due date till actual filing.

Non-monetary consequences worse: (1) can't carry forward business/capital losses, (2) reduced ability to revise, (3) higher scrutiny probability, (4) delay in refund if applicable.

Best-case: notice u/s 142(1) asking you to file. Then late fee + interest apply. Worst-case: prosecution u/s 276CC — imprisonment 3 months to 7 years + fine if evaded tax > ₹25,000.

Department has AIS + 26AS + bank data — they know your income. Not filing is not hiding. Best to file even a nil return if you're on the borderline.

File belated return u/s 139(4) by 31 December 2026 with late fee. If missed even that, file updated return u/s 139(8A) — allowed up to 4 years back with 25%/60% additional tax on the tax payable (progressive penalty).

Updated return can't claim refund or reduce tax — only add income. Regular filing is always cheaper.

Automated intimation from CPC after processing your return. Three possibilities: (1) Accepted as filed — done; (2) Refund due — bank credit follows; (3) Demand raised — CPC found discrepancy vs 26AS/AIS, pay within 30 days or file rectification u/s 154.

If wrong: file rectification within 4 years. If correct: pay to avoid further interest at 1% per month.

F&O is non-speculative business income — losses can be set off against any income (salary, capital gains, other) in same year. Unabsorbed loss carries forward 8 years, but only against future F&O gains.

Filing: ITR-3 mandatory. Audit u/s 44AB triggered if F&O turnover > ₹10Cr (with digital transactions > 95%) or > ₹1Cr otherwise. Books required.

Flat 30% tax on gains (no slab benefit, no deductions except acquisition cost). Plus 1% TDS u/s 194S on every transfer > ₹10,000/₹50,000 threshold. Losses cannot be set off against other income or carried forward.

Reported in Schedule VDA of ITR-2 or ITR-3. Every transaction must be reported — even loss-making ones. Non-reporting triggers automatic notice from AIS.

NRIs must file if India-sourced income exceeds basic exemption (₹4L new regime). Types: rental from Indian property, capital gains on Indian assets, interest on NRO/FCNR, salary earned in India.

Form: ITR-2 mandatory (ITR-1 restricted to residents). Can claim DTAA benefits with treaty countries — often reduces TDS from 30% to 10-15%. We handle DTAA + Schedule FA for global-asset NRIs.

44AD (business): turnover ≤ ₹3Cr (with 95%+ digital), declare 6% (digital) or 8% (cash) as deemed profit. No books, no audit. Actual profit doesn't matter.

44ADA (profession): gross receipts ≤ ₹75L (with digital condition), declare 50% as deemed profit. Perfect for doctors, lawyers, CAs, consultants.

Once you opt in, you must continue for 5 years — opting out earlier locks you into books + audit for next 5 years. Choose wisely.