India: Taxes
How each tax works, who pays and how much.
Advance tax: who pays and when
If your tax for the year will be ₹10,000 or more after TDS, you pay it in instalments during the year: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March.
✓ VerifiedLast verified:Income tax deductions: 80C, 80D, NPS and more
The main deductions for FY 2025-26 with their caps: 80C, NPS, 80D health insurance, home loan interest, 80TTA/80TTB, 80G and more. Most need the old regime.
✓ VerifiedLast verified:Old vs new income tax regime
How the new (default) and old income tax regimes differ for FY 2025-26: slab rates, the 87A rebate, standard deduction and which deductions you lose.
✓ VerifiedLast verified:Home loans, education loans and health insurance: tax benefits
Under the old regime: up to ₹2 lakh home-loan interest on a self-occupied house, education-loan interest with no cap, ₹1.5 lakh under 80C, and up to ₹1 lakh for health insurance under 80D. The new regime allows almost none of these.
✓ VerifiedLast verified:TDS for businesses: deposit, file, certify
If you deduct TDS, deposit it by the 7th of the next month (30 April for March), file quarterly statements by 31 July, 31 October, 31 January and 31 May, and know the new form numbers from tax year 2026-27.
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