Tag: Income-tax Rules 2026

Income Tax Notifications & Order IT

New TDS and TCS Return Forms From FY 2026-27: Form 24Q Is Now Form 138 and Your Q1 Return Is Due July 31, 2026

CA Adityavikram Banka

From FY 2026-27, Form 24Q is now Form 138 and Form 26Q is Form 140. Your Q1 TDS and TCS returns are due 31 July 2026. Full old-to-new form mapping inside.

Income Tax Notifications & Order IT

Children Education Allowance Jumps to Rs 3,000 a Month: How the Income-tax Rules 2026 Reset Salary Allowance Exemption Limits From FY 2026-27

CA Adityavikram Banka

Income-tax Rules 2026 raise children education allowance to Rs 3,000 a month, hostel to Rs 9,000, from FY 2026-27. Old regime only. What employers must do.

Income Tax Notifications & Order IT

HRA 50% Exemption Now Covers 8 Cities From FY 2026-27: Bengaluru, Hyderabad, Pune and Ahmedabad Added Under the Income-tax Rules 2026

CA Adityavikram Banka

The Income-tax Rules, 2026 add Bengaluru, Hyderabad, Pune and Ahmedabad to the 50% HRA exemption list from FY 2026-27. Here is what changed, who is affected, and the action for employers and employees.