#Basic Tax Rate

New Income Tax Slab Rate 2026-27 | 12 Lakh Tax Free|Income Tax Calculation 2026 #tax #incometax #caguruji #finance #money

Here’s where you’ll find it... Normally top right of your payslip...but could be top left or at the bottom. Here’s what the common ones mean: 1257L – standard code (most people have this) NT – no tax taken BR – all income taxed at basic rate (20%) D0 – all at higher rate (40%) D1 – all at additional rate (45%) S / C / N / M – show where you live (Scotland, Wales) or marriage allowance applied K – you owe tax from other income/benefits W1/M1/X – emergency tax code Head to gov uk / tax-codes for useful up to date info :). Follow for more tips. ⚠️ This content is not financial advice and should be used for educational purposes only. We recommend you do your own research and consider taking personal advice before making any financial decisions. Figures are for illustrative purposes only. Tax laws are complex and can change.

Income Tax Forms Renumbered under ITA 2025 & IT Rules 2026* 📌 Audit & Reporting ✅ Tax Audit: 3CA / 3CB / 3CD ➝ Form 26 (now with 55 segment-wise clauses) ✅ Transfer Pricing Audit: 3CEB ➝ Form 48 ✅ MAT Report: 29B ➝ Form 66 ✅ Tax Residency Certificate (TRC): 10FA ➝ Form 42 ✅ DTAA Details (u/s 90 / 90A): 10F ➝ Form 41 📌 Charitable Trust / NGO Compliance ✅ Provisional Registration: 10A ➝ Form 104 ✅ Registration / Renewal: 10AB ➝ Form 105 ✅ Accumulation of Income: Form 10 ➝ Form 109 ✅ Audit Report: 10B / 10BB ➝ Form 112 ✅ Donee Statement: 10BD ➝ Form 113 ✅ Donor Certificate: 10BE ➝ Form 114 📌 TDS / TCS Returns & Certificates ✅ Lower / NIL TDS Application: Form 13 ➝ Form 128 ✅ Salary TDS Certificate: Form 16 ➝ Form 130 ✅ TDS Return (Salary): 24Q ➝ Form 138 ✅ TDS Return (Residents): 26Q ➝ Form 140 ✅ TDS Return (Non-Residents): 27Q ➝ Form 144 ✅ TCS Return: 27EQ ➝ Form 143 📌 Other Important Changes ✅ Form 26AS ➝ Form 168 ✅ Foreign Remittance: 15CA ➝ Form 145 ✅ CA Certificate: 15CB ➝ Form 146 ✅ SFT Filing: 61A ➝ Form 165 #incometaxindia #IncomeTaxAwareness #ITR #it2025 #reels

Comment “tax refund” if you want me to file your taxes

⚠️Make sure you use these tax free allowances if they apply to you! #tax #saving #tips #accounting #guide

Inflation and the Big Beautiful bill will likely be making some big changes to your taxes. This video explains all the big changes you should know about BEFORE you file your 2025 taxes in 2026. This includes changes to the standard deduction, the child tax credit, and NEW deductions for tips, overtime and your car loan interest. #taxes #taxseason #bigbeautifulbill

LTD vs Personal 🤔 Section 24 had a huge shake up on landlords who owned property in their personal name. Just a note that section 24 will unlikely affect you if you’re a basic rate (20%) tax payer and you own property in your own name. 🔑 However the key thing to consider is that even if you’re a basic rate tax payer now, but you wish to build a property portfolio that tips you into the higher rate threshold from rental income, then section 24 WILL affect you. ⚠️ We have a whole module inside the JPU around this and it’s best to get this set up sooner rather than later!! There’s still time to join the JPU 🚀 James x And as always, seek professional advice for your personal circumstances because there’s a list of pros and cons for setting up a Ltd company 👍

Indian tax structure નો second part એટલે Indirect Tax, જે goods and services પર વસુલવામાં આવે છે...let's learn in simple way... #educationreel #simplicity #indirecttax #reelsinstagram #viralvideos

How does your accountant calculate your GST/HST payable or receivable? It comes down to a simple formula: 1. First, we total the GST/HST you collected from your clients on sales. This is called output tax. 2. Next, we calculate the GST/HST you paid on eligible business purchases and expenses. These are called input tax credits (ITCs). 3. Finally, we subtract the ITCs from the GST/HST collected: GST/HST Collected – GST/HST Paid = Net Amount • If the amount you collected is higher than what you paid, you’ll owe that difference to CRA. • If the amount you paid is higher than what you collected, CRA will issue you a refund. The key is accurate record-keeping of both your sales tax collected and the tax you pay on expenses. This is what your accountant reviews when filing your GST/HST return to make sure you stay compliant and don’t pay more than necessary. #gst #sales #sale #salestax #accountant #taxseason #taxtips #moneymatters #taxpreparer #canadiantaxes #taxcredits #taxrefund #taxplanning #punjabi #fileyourtaxes #taxes #bookkeepingservices #refund #tips #canada #navreetassociates #credits

Running a small business or profession? This post is for you. The Presumptive Taxation Scheme under the Income Tax Act, 1961 helps taxpayers avoid complex bookkeeping. 📌 Section 44AD – Small Businesses 📌 Section 44ADA – Professionals (CA, Doctors, Lawyers etc.) 📌 Section 44AE – Goods Transport Businesses 💡 Declare income at a prescribed percentage and reduce compliance burden. Swipe to decode the eligibility, turnover limits & tax calculation. Save this post for future tax planning. #TaxKnowledge #IncomeTaxIndia #TaxTips #FinanceDecodedIndia #CAKnowledge TaxSimplified

⚠️ The $3M Super Tax Trap "I don't have $3M—I'm safe" Think again. 30 years old + maxing contributions = could hit $3M by 60 Then Division 296 hits: +15% tax on earnings above $3M Plus: threshold not indexed until 2029 (inflation drags you in) This is a stealth tax on successful savers. Plan alternative structures NOW. 🔗 Strategy call in bio #KuldeepSinghSidhu #PrimePaceProperties #BuyersAgent #RealEstateInvesting #Division296 #SuperTax #WealthTax #RetirementPlanning #TaxPlanning #FinancialPlanning #AustralianSuper #Reels

Save this Tax Code In Case Of An Audit💃🏾 Interested in More Tax & Business Tips ? Head to the Link In My Bio & Subscribe To My YouTube Channel✅ #entrepreneur #smallbusiness #llc #selfemployed #taxseason #taxadvice #businessexpenses #businessowner #taxcode #enrolledagent #cpa #irs #businessaudit #bosslady #taxadvisor #karladennis #viral #reelsplay