Income Tax & GST,
Handled Professionally

The due date for filing Income Tax Return for Assessment Year 2027-28 is generally 31 July 2027 for salaried individuals, Hindu Undivided Families (HUF), and taxpayers not requiring audit. For businesses and professionals whose accounts are subject to audit under Section 44AB, the due date is 31 October 2027. If you miss the original deadline, you can file a belated return under Section 139(4) by 31 December 2027 with a late fee. TaxGst.in tracks all CBDT-notified deadlines in our compliance calendar so you never miss a filing date.

The choice between the old and new tax regime depends on your deductions and exemptions. The new tax regime offers lower slab rates but removes most deductions (80C, 80D, HRA, LTA, etc.). The old tax regime allows you to claim deductions under Sections 80C (up to Rs 1.5 lakh), 80D (health insurance), HRA exemption, home loan interest under Section 24, and more. If your total deductions exceed the tax savings from the new regime's lower rates, the old regime will save you more. Use our Old vs New Tax Regime Calculator to compare your tax liability under both regimes instantly.

GSTR-3B is a monthly self-declared summary GST return that every registered taxpayer must file. It reports outward supplies, inward supplies (ITC claimed), and tax liability. The due date is the 20th of the following month for regular taxpayers. For taxpayers opting for the QRMP (Quarterly Return Monthly Payment) scheme, the due date is the 22nd or 24th of the month following the quarter, depending on the state. Late filing attracts a penalty of Rs 50 per day (Rs 20 for nil returns). TaxGst.in's GST Calculator and compliance calendar help you stay on top of all GST deadlines.

Advance tax must be paid if your total tax liability for the financial year exceeds Rs 10,000 after TDS. It is paid in four instalments: 15% by 15 June, 45% by 15 September (cumulative), 75% by 15 December (cumulative), and 100% by 15 March (cumulative). For taxpayers under the presumptive taxation scheme (Section 44AD/44ADA), a single instalment of 100% is due by 15 March. Interest under Sections 234C and 234B applies for shortfall or non-payment. Use our Advance Tax Calculator to compute your instalments accurately.

Under Section 234F, a late filing fee is levied if ITR is filed after the due date. The penalty is Rs 5,000 if filed before 31 December of the assessment year, and Rs 10,000 if filed after that. However, for taxpayers with total income below Rs 5 lakh, the maximum penalty is limited to Rs 1,000. Additionally, interest under Section 234A is charged at 1% per month on the outstanding tax amount from the due date until the date of filing. Filing on time also preserves your right to carry forward certain losses. TaxGst.in helps you file on time and avoid these penalties entirely.

GST registration is mandatory for businesses with annual aggregate turnover exceeding Rs 40 lakhs (Rs 20 lakhs for services) in a financial year. For special category states (North-Eastern states, Himachal Pradesh, Uttarakhand), the threshold is Rs 20 lakhs for goods and Rs 10 lakhs for services. Certain businesses must register regardless of turnover: interstate suppliers, e-commerce operators, casual taxable persons, non-resident taxable persons, and agents of a supplier. Voluntary registration is also available. TaxGst.in provides complete GST registration services including document preparation, application filing, and follow-up with the GSTN portal.

You can check your income tax refund status on the Income Tax e-Filing portal (incometax.gov.in) by logging in with your PAN and navigating to "e-File" > "Income Tax Returns" > "View Filed Returns". Alternatively, you can check on the TIN-NSDL portal (tin-nsdl.com) by entering your PAN and assessment year. Refunds are typically processed within 20-45 days after e-verification of your ITR. If your refund is delayed, you may need to raise a grievance on the portal or file a rectification request under Section 154. TaxGst.in assists with refund tracking and rectification as part of our ITR filing service.

Section 80C of the Income Tax Act allows you to claim deductions up to Rs 1.5 lakh per financial year from your gross total income, reducing your taxable income. Eligible investments and expenses include PPF, ELSS mutual funds, NPS (additional Rs 50,000 under Section 80CCD(1B)), life insurance premiums, 5-year fixed deposits, Sukanya Samriddhi Yojana, National Savings Certificate, home loan principal repayment, children's tuition fees, and Senior Citizens Savings Scheme. The actual tax savings depend on your slab rate — at the 30% slab, you can save up to Rs 46,800 (including 4% health and education cess). Use our Section 80C Deduction Planner to maximise your savings.