Income Tax & GST Terms, Explained

Salaried, income ≤ ₹50L

Capital gains, multiple properties

Zero tax up to ₹12L income

PPF, ELSS, LIC — up to ₹1.5L

50% presumptive for professionals

Rent-based salary exemption

₹75,000 in new regime

LTCG 12.5%, STCG 20%

Quarterly instalments on ₹10K+ tax

Outward supplies — due 11th

Summary return + payment — due 20th

Auto-populated ITC statement

Annual reconciliation — Dec 31

Mandatory above ₹20L/₹40L turnover

Tax deducted at source

Employer TDS certificate — June 15

Consolidated tax credit statement

IT dept's view of all your income

10-char permanent account number

State-level employment tax