Income Tax India — Complete Guide for Indian Families
Income Tax India — Complete Guide for Indian Families
Indian income tax has become a moving target — old regime, new regime, default regime, the Section 87A rebate threshold, and the deductions that survive in one regime but not the other. This hub indexes every income tax article on Finance Guided, organized by decision point, written for salaried and self-employed Indian filers, and verified against the Income Tax Act 1961, current Finance Act amendments, and CBDT circulars.
Written and maintained by Dinesh Kumar S — B.Sc. Mathematics, M.Sc. IT, University of Madras. 5+ years in accounts, GST, and audit support at a Chennai-based IT services company. No commissions. No product sales. Last updated: 8 May 2026.
Start Here: The Foundation Article
If you read only one article on income tax, this is the one. The choice between the old and new regime is the single decision that affects every other tax decision you'll make in a financial year.
The Form 10-IEA rules, the once-a-lifetime restriction for business income, and the actual rupee-by-rupee math for which regime saves more at common Indian salary slabs.
All Income Tax Articles, Organized by Situation
Salaried Employees — HRA, Standard Deduction
- HRA Exemption Calculation India — Rented House, Step-by-Step Formula — The three-way minimum rule, the metro vs non-metro distinction, and the rent receipt and PAN-of-landlord rules every salaried filer should follow.
Health Insurance and Family Deductions
- Section 80D Deduction for Parents Health Insurance Above 60 India — Exact Limits — The ₹50,000 senior citizen limit, the preventive health check-up sub-limit, and which premium payment modes qualify under Section 80D.
Capital Gains and Property
- Section 54 Capital Gains Exemption When Selling a House India — The two-year and three-year reinvestment windows, the Capital Gains Account Scheme deposit rule, and the post-2023 cap on the exemption amount.
Self-Employed and Freelance
- Tax on Freelance Income India Below ₹7 Lakh — ITR Filing and Regime Choice — Why a sub-7-lakh freelancer still has to file, how Section 44ADA presumptive taxation works, and the regime that almost always wins for low-overhead consultants.
Related Reading
Tax decisions interact with every other money decision you make — your insurance deductions, your retirement contributions, your home loan interest, and your mutual fund redemptions. These cross-cluster guides explain how:
- Term Insurance India — Complete Guide
- Retirement Planning India — NPS, PPF, EPF Rules
- Home Loan India — Complete Guide
Every article in this hub is verified against the Income Tax Act 1961, the latest Finance Act amendments, CBDT circulars, and Income Tax Department forms. Finance Guided is not a chartered accountancy firm and does not file returns — these articles are educational. For specific filings, consult a qualified CA. Errors and outdated rules: financeinsuranceguided@gmail.com.
Dinesh Kumar S
Founder & AuthorDinesh is an accounts & GST compliance professional with 5+ years inside the Indian tax-compliance machinery at a Chennai-based IT services company. He writes a regulation-reader's column on Indian personal finance — every claim anchored to the actual Act, regulation, or circular it comes from. No product sales, no commissions, no paid placements.