Every year when tax filing season comes, one big confusion for salaried people is – Should I choose the old tax regime or the new tax regime? Old vs New Tax Regime Since the government introduced the new regime in 2020, employees have been given two options. The Budget 2023 made the new regime default, … Read more
When it comes to salary income, most people think Salary Tax Saving Hacks 2025 is only about Section 80C (like LIC, PPF, ELSS, etc.). But the truth is – a large part of your tax planning starts from your salary structure itself. If you understand HRA (House Rent Allowance), LTA (Leave Travel Allowance) and the … Read more
Running a small business or startup in India is exciting, but along with growth comes the responsibility of managing taxes. Many small entrepreneurs often ignore tax planning in the early stages, which later leads to higher tax payments, penalties, or even cash flow issues. In this blog, we will discuss step-by-step Tax Planning for Small … Read more
When you receive your salary, you might have noticed that the amount credited in your bank account is less than your total salary package. This is because your employer deducts TDS (Tax Deducted at Source) before paying you. Many salaried employees feel confused about how TDS is calculated, which deductions are allowed, and how to … Read more
In GST law, Job Work and Works Contract are two commonly used terms, but most taxpayers and businesses get confused between the two. While both involve work being done on goods or services, the tax treatment under GST is very different. In this blog, we will explain GST on Job Work vs Works Contract, their … Read more
If you want to sell your products abroad or import goods from another country into India, the first requirement is an Import Export Code (IEC). Many small businesses and entrepreneurs are not aware of this, but IEC is a very simple registration that opens the door to international trade. This guide explains what IEC is, … Read more
In today’s world, buying and selling second-hand goods is no longer limited to roadside markets. Platforms like OLX, Quikr, Facebook Marketplace, Cashify, Cars24 and others have made it easy for people to sell and buy used goods online. However, with the GST law in place, there is a common question:“Does GST on second-hand goods apply?” … Read more
Healthcare is a basic necessity, and the government has provided GST relief to hospitals and medical services. However, not everything in a hospital bill is tax-free — there are grey areas that confuse both patients and healthcare providers. This article explains which GST on hospital services are exempt , which attract GST, the relevant GST … Read more
In recent months, the Income Tax Department (CBDT) and GST Department have joined hands for massive raids on shell companies across India. These raids are part of the government’s big crackdown on fake invoicing, tax evasion, and money laundering. If you are a business owner, startup founder, or professional, you should know what’s going on … Read more
Exporting goods from India can give your business global exposure and open new markets. However, it is important to follow Indian export regulations and comply with documentation, customs, and banking rules to avoid delays or penalties. Here’s a complete, detailed step-by-step guide to start Export Goods from India 2025. Step 1 – Register Your Business … Read more