by Team SKM | Dec 31, 2025 | Updates
From 1 January 2026, a series of regulatory and financial changes will come into effect across taxation, employment compensation, banking, digital payments, and consumer finance. While none of these changes are disruptive in isolation, taken together they will affect...
by Team SKM | Dec 30, 2025 | Updates
An income tax calculator is commonly used to estimate tax payable for a financial year. However, when used early and thoughtfully, it can also serve as a practical planning tool. It helps individuals understand how income, deductions, and investments interact, and how...
by Team SKM | Dec 30, 2025 | Updates
Many taxpayers assume that filing an income tax return completes their obligation. In practice, filing is only the first step. A return attains finality only after it is processed by the Income Tax Department within the timelines prescribed under the Income Tax Act....
by Team SKM | Dec 29, 2025 | Updates
The 31 December deadline marks a critical cut-off for taxpayers who either missed the original return filing date or need to correct errors in a return already filed. Once this date passes, the belated and revised return windows close, and taxpayers are left with a...
by Team SKM | Dec 29, 2025 | Updates
For individual taxpayers, 2025 delivered a clear contrast. The Union Budget provided meaningful relief under the new tax regime, reducing tax outgo for a large segment of salaried taxpayers. At the same time, the Income Tax Department significantly intensified...
