4 new PAN card forms in FY26-27: Which form to use- 93, 94, 95 or 96? Old vs new

Starting April 1, 2026, new PAN application forms are in effect. Four distinct forms, 93, 94, 95, and 96, cater to specific applicant types including Indian citizens, foreign individuals, and various entities.

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Did you donate to a political party or plan to do so in the future and claim an income tax deduction? New ITR forms require extra disclosure, check what to report

New income tax return forms for Assessment Year 2026-27 demand greater detail on political party donations. Taxpayers seeking deductions under Section 80GGC must now provide the political party's name and PAN. This change aims to enhance transparency and traceability of contributions. Individuals donating through banking channels or UPI should be aware of these updated disclosure requirements.

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Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changed

New tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for education. Interest on motor vehicle compensation is now tax-exempt. Small taxpayers get an easier process for lower TDS certificates. TDS on manpower supply is clarified.

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Income Tax Calculator 2026: Compare your income tax liability on Rs 15L, Rs 20L, Rs 30L and Rs 50L CTC under new vs old tax regime

The Income Tax Rules, 2026 introduce significant benefits for salaried employees, including expanded HRA and meal card tax advantages. These changes, effective April 1, 2026, aim to reduce taxable income through optimized salary structuring. The article illustrates tax liabilities for CTCs ranging from ₹15 lakh to ₹50 lakh under both new and old tax regimes.

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US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available under the new Indian I-T Act; they must now file ITR-2 or ITR-3

New Income Tax Return forms have removed ITR-1 and ITR-4, requiring US 401(k) and overseas pension account holders to now use ITR-2 or ITR-3. This change aims to streamline reporting of foreign assets and income, aligning with existing disclosure requirements. Taxpayers can still defer tax liability by filing Form 10-EE.

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ITR filing: 4 disclosures you need to be ready with in new financial year

ndia’s tax department has rolled out updated ITR forms for FY 2025–26, introducing tighter disclosure norms while keeping the overall structure unchanged. The changes focus on greater transparency—especially around political donations, F&O trading, and digital payments—while adding minor conveniences like a secondary address field.

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Form 121 replaces Form 15G, 15H for TDS filing: Check who should file, purpose and key details explained

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use this single form to avoid tax deduction at source on interest income. The revised form offers enhanced user experience with features like auto-population and real-time validations.

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Meal card tax benefit: Do you get it under the new tax regime?

New Income-Tax Rules have clarified meal voucher benefits. The tax-free limit for employer-provided meal vouchers has increased to Rs 200 per meal. This benefit is now available under the new tax regime. The earlier restriction denying this benefit under the new regime has been removed. This change is effective from April 1, 2026.

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First task for FD investors to save TDS in new financial year is filing form 15G/H; Check the annual income that makes you eligible

Fixed deposits are popular in India. However, Tax Deducted at Source on interest income reduces compounding growth. Forms 15G and 15H allow eligible individuals to declare no tax liability. This prevents TDS deductions, keeping interest invested. Over time, this can significantly boost maturity amounts. Submitting these forms annually is crucial for maximizing savings.

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New form for correction in PAN related details: CBDT notifies new online and offline forms for modification in PAN card details; check the guideline and how it works

The Central Board of Direct Taxes has introduced new forms for correcting PAN card details. These forms, PAN CR-01 for individuals and PAN CR-02 for non-individuals, will be effective from April 1, 2026. Both online and offline submissions are permitted. Applicants must provide correct PAN details and a copy of their PAN card. Aadhaar is mandatory for most applicants.

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Income Tax Department website revamp: Site offers links for new ITR forms, e-pay tax, e-verification, e-PAN, payment status and many other tasks

The Income Tax Department has launched a revamped e-filing portal to support the transition to the new Income Tax Act, 2025. Taxpayers can now make payments and file forms under both old and new tax laws from a single platform, with new forms and challans available from April 1, 2026.

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New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explained

New income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act. Expect revised TDS/TCS rules, updated ITR filing deadlines, and changes to buyback taxation. Key benefits include expanded HRA exemptions and increased meal card tax benefits, aiming for a simpler tax regime.

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Capital gains on share buyback get new surcharge twist; income tax dept explains what it means for you

The Income Tax Department has clarified a new 12% surcharge on capital gains from share buybacks, specifically for promoters. This change, part of the Finance Bill 2026, impacts promoters' additional income tax. Non-promoter shareholders will continue to be taxed under normal surcharge provisions based on their income. This move standardizes tax treatment for buyback transactions.

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