Complete guide to Indian income tax, GST, PF, best tax software, and top Indian accountants
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Understanding income tax, GST, provident fund, and other tax obligations
India operates a progressive income tax system with rates ranging from 5% to 30% for 2025-26. The country has introduced a new simplified tax regime alongside the traditional regime with deductions. Most employees also contribute to Provident Fund (PF) and pay Goods and Services Tax (GST) on purchases.
Under the new tax regime: ₹0-₹3 lakh (0%), ₹3-₹7 lakh (5%), ₹7-₹10 lakh (10%), ₹10-₹12 lakh (15%), ₹12-₹15 lakh (20%), and above ₹15 lakh (30%). Standard deduction of ₹50,000 is available for salaried individuals. No other deductions are allowed under the new regime.
Traditional regime: ₹0-₹2.5 lakh (0%), ₹2.5-₹5 lakh (5%), ₹5-₹10 lakh (20%), above ₹10 lakh (30%). Allows deductions under Section 80C (₹1.5 lakh), HRA, medical insurance, home loan interest, and more. Taxpayers can choose either regime based on their deduction eligibility.
GST is India's unified indirect tax with rates of 5%, 12%, 18%, and 28%. Businesses with turnover above ₹20 lakh must register (₹10 lakh for special category states). Input tax credit allows businesses to offset GST paid on purchases against GST collected on sales.
Companies with 20+ employees must provide PF. Employee contributes 12% of basic salary, employer matches 12% (3.67% to PF, 8.33% to EPS). Annual contribution limit for tax exemption is ₹2.5 lakh. ESI provides medical benefits for employees earning up to ₹25,000.
Top-rated tax preparation software for Indian taxpayers and businesses
India's leading tax platform for individual and business tax filing with expert support.
Comprehensive tax platform for individuals, businesses, and tax professionals.
AI-powered tax solution with chartered accountant assistance for accurate filing.
Global tax expertise adapted for Indian tax laws with professional guidance.
Official government portal for direct ITR filing without third-party intermediaries.
Professional tax services for Indian taxpayers and NRIs
Specialization: Individual taxpayers and middle-income families
Services: ITR filing, GST registration, tax planning, audit support, year-round advice
Network of independent Chartered Accountants serving middle-class Indians across all cities. Competitive rates from ₹2,000-₹15,000 for individual returns, with personalized service and local expertise in state-specific tax matters.
Specialization: Salaried employees and small business owners
Services: ITR-1/2/3/4 filing, tax optimization, PF/ESI advice, Form 16 reconciliation
Regional CA firms serving local communities with affordable pricing. Typical fees ₹2,500-₹18,000 depending on income complexity, with in-person consultations and ongoing tax planning support.
Specialization: Digital tax services for busy professionals
Services: Online ITR filing, video consultations, CA-assisted returns, GST compliance
Modern online tax platforms connecting users with CAs remotely. Fixed pricing from ₹1,500-₹12,000 for individual returns, with document upload portals and mobile app access.
Specialization: NRI taxation and DTAA compliance
Services: NRI tax returns, FEMA compliance, property taxation, repatriation advice, DTAA benefits
CAs specializing in Non-Resident Indian taxation with expertise in Double Taxation Avoidance Agreements. Fees ₹5,000-₹25,000 for NRI returns, with remote consultations and documentation support.
Specialization: Middle-income families and individual taxpayers
Services: Family tax planning, HRA/80C optimization, capital gains advice, investment planning
Chartered Accountants focusing on middle-class Indian families with transparent pricing. Competitive rates ₹3,000-₹20,000 based on income sources, with year-round support for tax-saving investments and queries.
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