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ClearTax is a FinTech company that boasts of strong teams in engineering, chartered accountants and financial experts. We're using technology as a platform to ease the financial lives of Indians. ClearTax is India's leading income tax return e-filing portal. Over a million Indians have filed their tax returns on ClearTax, which has translated into 1.8 million hours saved for the Indian taxpayer. In addition to helping individuals and businesses file income tax returns, we have now ventured into the areas of savings, tax registrations and compliances as well.

30/09/2026

If you’re a salaried employee, this PF update could affect your monthly payslip.

The government has increased the EPFO wage ceiling for mandatory coverage from ₹15,000 to ₹25,000 per month, effective 17 September 2026.

For employees whose PF contribution was capped at the earlier wage ceiling, the employee contribution may increase from ₹1,800 to ₹3,000 per month.

That’s an additional ₹1,200 per month, or ₹14,400 a year, going towards PF. This can mean higher retirement savings, but potentially lower monthly take-home pay depending on your salary structure.

The change is expected to bring more than 51 lakh additional employees under mandatory EPFO coverage.

However, not everyone will see a change. If PF is already being calculated on your full basic pay or on wages above the earlier ceiling, your existing deduction may remain the same.

The exact impact depends on your basic pay, PF structure, CTC structure and company policy. Check with your HR or payroll team to understand how it affects your payslip.

For educational purposes only.

29/09/2026

If you’re a salaried employee, this PF update could affect your monthly payslip.

The government has increased the EPFO wage ceiling for mandatory coverage from ₹15,000 to ₹25,000 per month, effective 17 September 2026.

For employees whose PF contribution was capped at the earlier wage ceiling, the employee contribution may increase from ₹1,800 to ₹3,000 per month.

That’s an additional ₹1,200 per month, or ₹14,400 a year, going towards PF. This can mean higher retirement savings, but potentially lower monthly take-home pay depending on your salary structure.

The change is expected to bring more than 51 lakh additional employees under mandatory EPFO coverage.

However, not everyone will see a change. If PF is already being calculated on your full basic pay or on wages above the earlier ceiling, your existing deduction may remain the same.

The exact impact depends on your basic pay, PF structure, CTC structure and company policy. Check with your HR or payroll team to understand how it affects your payslip.

For educational purposes only.

[EPFO new rules 2026, PF new rules, provident fund update, EPF wage ceiling, PF contribution increase, ₹1800 to ₹3000 PF, salaried employees India, take home salary, employee provident fund, retirement savings, EPFO latest news]

Big update for taxpayers 👀The tax filing timeline has been extended for cases where a tax audit is required. The revised...
28/09/2026

Big update for taxpayers 👀

The tax filing timeline has been extended for cases where a tax audit is required. The revised due date for filing the Tax Audit Report is 21 October 2026, while the ITR filing deadline for these taxpayers is now 21 November 2026.

That means eligible businesses and professionals get 21 extra days to complete their compliance.

However, this extension does not apply to every taxpayer. If you only earn salary, capital gains, or other non-business income, this particular extension may not apply to you.

Save the revised dates and check which deadline applies to your case before filing.

[ITR deadline extension, Income Tax Return 2026, ITR due date 2026, tax audit deadline 2026, tax audit report, business ITR, income tax filing, CBDT update, tax audit due date, ITR filing deadline, business tax filing, professional tax audit, ClearTax]

Comment Tax to get detailed guide .Zero tax up to ₹12 lakh? Or is the 0% tax slab actually only up to ₹4 lakh? 🤔Under th...
24/09/2026

Comment Tax to get detailed guide .

Zero tax up to ₹12 lakh? Or is the 0% tax slab actually only up to ₹4 lakh? 🤔

Under the new tax regime, income up to ₹4 lakh falls under the 0% tax slab.

But if your taxable income is ₹12 lakh, tax is still calculated on the income above ₹4 lakh as per the applicable slab rates. In a simple ₹12 lakh example, the tax works out to ₹60,000.

So how does the final tax become ₹0?
This is where the Section 87A rebate comes in.

If you are eligible, the rebate can reduce the calculated tax of ₹60,000 to zero.

So the important difference is this:
The tax slab is 0% only up to ₹4 lakh, but the final tax payable can still become ₹0 on eligible income up to ₹12 lakh because of the rebate.

Also remember, income taxed at special rates, such as certain capital gains, may be treated differently.

Note: This is a simplified example based on the new tax regime.


[zero tax up to 12 lakh, income tax slab 2026-27, Section 87A rebate, new tax regime, income tax calculation, taxable income, ITR filing, income tax India, zero tax up to 4 lakh] –

22/09/2026

Earned interest from an FD or fixed deposit? Here’s how much tax you may need to pay.

FD interest is added to your total income and taxed based on your income tax slab. So the tax on your FD interest depends on how much you earn overall, not just on the FD itself.

Banks generally deduct 10% TDS when your annual FD interest crosses ₹50,000 if you are below 60, or ₹1,00,000 if you are a senior citizen. But these are only TDS limits. They are not tax-free limits.

So, even if your bank does not deduct TDS, your FD interest can still be taxable. And the opposite can also happen: your bank may deduct TDS, but your final tax liability may still become ₹0 depending on your total income and the rebate available to you.

If your estimated final tax is ₹0 and you meet the eligibility conditions, you may also be able to submit Form 121 to avoid unnecessary TDS. Form 121 is the new form that replaces Form 15G and Form 15H from Tax Year 2026–27.

[FD interest tax, tax on FD interest, fixed deposit tax, TDS on FD interest, FD TDS limit, Form 121, Form 15G, Form 15H, Section 87A rebate, new tax regime, senior citizen FD tax, income tax on fixed deposit, bank interest tax, TDS rules 2026]

A taxpayer made around ₹26.78 crore in long-term capital gains from the sale of shares — yet her final tax on the gain c...
22/09/2026

A taxpayer made around ₹26.78 crore in long-term capital gains from the sale of shares — yet her final tax on the gain came down to ₹0 after claiming exemption under Section 54F.

The Income Tax Department questioned the claim on multiple grounds, including ownership of other properties, the timing of construction, and how the sale proceeds were used.

But the ITAT Kolkata ruled in the taxpayer’s favour, offering some important clarity on how Section 54F can apply in such cases.

Swipe to understand what happened, why the exemption was challenged, and what the tribunal ultimately decided. 👉
This post is for educational purposes only and should not be considered tax advice.

[Section 54F, income tax, capital gains tax, LTCG, tax exemption, 26 crore income tax case, ITAT ruling, tax planning, stock market tax, ClearTax]

21/09/2026

Impact of New PF Rule on ₹18 Lakh Salary

If you’re earning around ₹18 lakh a year, the new PF rules could affect both your monthly in-hand salary and your long-term retirement savings.

The government has increased the EPFO wage ceiling for mandatory coverage from ₹15,000 to ₹25,000 per month.

For employees whose PF contribution was earlier capped at the old wage ceiling, the employee contribution can increase from ₹1,800 to ₹3,000 per month. This means higher retirement savings, but it may also reduce monthly cash in hand depending on your salary structure.

The government expects more than 51 lakh additional employees to come under mandatory EPFO coverage after this change, expanding access to provident fund and related social security benefits.

However, the impact will not be the same for everyone. If your employer already contributes PF on your full basic pay or on wages above the statutory ceiling, this change may have little or no impact on your existing PF deduction.

Your final salary impact will depend on your basic pay, PF structure, CTC structure and company policy. For the exact impact on your payslip, please check with your HR or payroll team.

For educational purposes only.

[EPFO new rules 2026, PF new rules, ₹18 lakh salary, provident fund update, EPF wage ceiling, PF contribution increase, ₹1800 to ₹3000 PF, salaried employees India, take home salary, employee provident fund, retirement savings, EPFO latest news]

18/09/2026

Impact of New PF Rule on ₹18 Lakh Salary

If you’re earning around ₹18 lakh a year, the new PF rules could affect both your monthly in-hand salary and your long-term retirement savings.

The government has increased the EPFO wage ceiling for mandatory coverage from ₹15,000 to ₹25,000 per month, effective 17 September 2026.

For employees whose PF contribution was earlier capped at the old wage ceiling, the employee contribution can increase from ₹1,800 to ₹3,000 per month. This means higher retirement savings, but it may also reduce monthly cash in hand depending on your salary structure.

The government expects more than 51 lakh additional employees to come under mandatory EPFO coverage after this change, expanding access to provident fund and related social security benefits.

However, the impact will not be the same for everyone. If your employer already contributes PF on your full basic pay or on wages above the statutory ceiling, this change may have little or no impact on your existing PF deduction.

Your final salary impact will depend on your basic pay, PF structure, CTC structure and company policy. For the exact impact on your payslip, please check with your HR or payroll team.

For educational purposes only.

[EPFO new rules 2026, PF new rules, ₹18 lakh salary, provident fund update, EPF wage ceiling, PF contribution increase, ₹1800 to ₹3000 PF, salaried employees India, take home salary, employee provident fund, retirement savings, EPFO latest news]

17/09/2026

If you’re a salaried employee, there’s an important PF update you should know about.

The government has increased the EPFO wage ceiling for mandatory coverage from ₹15,000 to ₹25,000 per month, effective 17 September 2026.

For employees whose PF contribution was earlier capped at the old wage ceiling, the employee contribution can increase from ₹1,800 to ₹3,000 per month. That means higher retirement savings, but it can also mean lower monthly cash in hand depending on your salary structure.

The government expects more than 51 lakh additional employees to come under mandatory EPFO coverage after this change, expanding access to provident fund and related social security benefits.

However, the impact will not be the same for everyone. If your employer already contributes PF on your full basic pay or on wages above the statutory ceiling, this change may have little or no impact on your existing PF deduction.

Your final salary impact will depend on your basic pay, PF structure, CTC structure and company policy. For the exact impact on your payslip, please check with your HR or payroll team.
For educational purposes only.
[EPFO new rules 2026, PF new rules, provident fund update, EPF wage ceiling, PF contribution increase, ₹1800 to ₹3000 PF, salaried employees India, take home salary, employee provident fund, retirement savings, EPFO latest news]

16/09/2026

Will UPI not be Free anymore? 😮

There’s a lot of confusion around the new UPI charges coming from 15 October 2026.

Will customers have to pay? How much will merchants be charged? Which transactions are exempt?

Here’s a simple breakdown of the new UPI MDR structure.

Save this post for a quick reference.


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