Paying GHMC property tax in Hyderabad is an important obligation for property owners, helping fund civic infrastructure, sanitation, roads, and other essential public services. Understanding Hyderabad property tax rules, applicable rates, and payment methods can help property owners stay compliant and avoid penalties. In this guide, we explain how to calculate GHMC property tax, check tax rates, and make GHMC property tax online payment easily.What is GHMC Property Tax?The Greater Hyderabad Municipal Corporation (GHMC) is responsible for collecting house and property tax from residents of Hyderabad. Property tax forms a major source of revenue for the state government and is crucial for improving urban infrastructure and maintaining civic amenities.Whether your property is used for residential or commercial purposes, you are required to pay property tax annually. This applies to self-occupied homes as well as rented-out residential units.

Plan your daughter’s future with the Sukanya Samriddhi Yojana (SSY), a high-interest, government-backed savings scheme. Use our SSY Calculator to estimate maturity amount, total interest, and tax-free returns instantly.What is Sukanya Samriddhi Yojana?Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for girls below 10 years, allowing deposits up to ₹1.5 lakh per year. Contributions for 15 years grow tax-free and the account matures at 21, securing your daughter’s financial future with guaranteed returns.What is Sukanya Samriddhi Yojana Calculator?The SSY Calculator helps compute the maturity amount and earned interest for a Sukanya Samriddhi Yojana account. Enter the deposit amount, the girl child’s age (up to 10 years), and the investment start year to see the invested amount, total interest, and maturity value.How Does SSY Calculator Work and Calculation Formula?The SSY calculator use formula below:  A = P(1+r/n)^nt where,P = Initial Depositr = Rate of interestn = Number of years the interest compounds t = Number of years A = Amount at maturity Example For Sukanya Samriddhi Yojana CalculationThe SSY account offers an interest rate of 8.2% p.a. Let us calculate the maturity amount after 21 years.

Restricted Stock Units (RSUs) are company shares granted to employees as part of their compensation, usually at no cost. These shares are subject to vesting conditions such as completing a certain period of service or achieving performance targets. In India, RSUs are taxed twice, first as salary at the time of vesting based on the fair market value, and later as capital gains when the shares are sold. Understanding how RSUs work, their vesting schedule, and their tax treatment can help employees plan their taxes and manage their equity compensation effectively.What Are Restricted Stock Units?Restricted Stock Units (RSUs) are a form of equity compensation offered by companies as part of an employee’s salary or incentive package. RSUs represent company shares granted at no upfront cost, but ownership is transferred only after specific vesting conditions are met, such as completing a service period or achieving performance milestones.Once Restricted Stock Units vest, the employee becomes the legal owner of the shares and can choose to hold or sell them. RSUs are commonly used by startups and multinational companies to attract talent, reward performance, and align employee interests with shareholder value.1.

Section 10 of Income Tax Act lists incomes that are fully or partially exempt from tax, meaning they may not form part of your taxable income subject to conditions. These Section 10 exemptions cover income such as HRA, LTA, agricultural income, gratuity, and other specified exemptions available under different sub-sections of the Income Tax Act.Popular Section 10 Exemptions ListHouse Rent Allowance (HRA) Leave Travel AllowanceAgricultural IncomeChildren Education AllowanceInterest on provident fund (on satisfaction of conditions)Retirement settlement amount such as gratuity, leave encashment, pension, etc. (on satisfaction of conditions)What are Section 10 Exemptions of the Income Tax Act?While calculating the tax liability of an individual, there are certain incomes which is exempt and do not form a part of the total income. Section 10 includes all those exemptions that a taxpayer can claim while paying income tax. From an employee's perspective, the exemptions available under the act can be classified as exempt allowances, and other exempt income. They are presented as follows:1.

Not every transfer of a capital asset triggers capital gains tax. Under Section 47 of Income Tax Act, certain transactions are not regarded as transfer, which means no capital gains tax applies on them. This guide explains the transactions covered under Section 47 and when capital gains exemption may be available.What is Section 47?Section 47 of the Income Tax Act is a necessary provision that exempts certain transactions from being classified as transfers. This is important as under the Act, any profit or gain arising from transferring a capital asset shall be chargeable to capital gains tax. Section 47 helps avoid capital gains tax in many instances by excluding certain transactions from this definition, mitigating the burden of tax for certain transactions.Key Provisions of Section 47Section 47 enumerates several transactions that are not regarded as transfers for computing capital gains.

Capital gains is the profit earned from transferring a capital asset such as property, shares, bonds, or jewellery, and is taxable under the head “Capital Gains.” The Income Tax Act classifies capital gains as short-term or long-term based on the asset’s holding period, with different tax rules and computation methods applicable to each. Understanding this classification is important for calculating tax liability and claiming available exemptions.The method for computing the capital gains is as follows:  Short-term capital gainLong-term capital gainSale considerationSale considerationLess:Less:(a) Cost of acquisition(a) Indexed cost of acquisition(b) Cost of improvement(b) Indexed cost of improvement(c) Expenses related to transfer(c) Expenses related to transferBudget 2024 removed the provision of indexation on long-term capital gains. However, the taxpayer can still opt to compute Long-term capital gain by deducting the indexed cost of acquisition and indexed cost of improvement with a higher tax rate.What is Indexed Cost of AcquisitionDue to economic factors, the value of asset/any item inflates over a period of time. The value of Re. 1 today may not be the same as it was in the 1990s or 2000s.

An IPO (Initial Public Offering) is when a private company offers its shares to the public for the first time. This is possibly because of the primary market which gives investors a chance to buy early. Any gains made from IPO listings are taxed 20% for short-term and 12.5% for long term capital gains. How IPOs Are Taxed - Key ConsiderationsThe capital gain implications of an IPO are similar to those of the capital gain taxation of shares, which varies according to the period of holding and listing status.Key points to be considered for the transfer of shares acquired in case of an IPO:Period of holding: Capital gain implications vary accordingly, so does the exemption availability.Security type: There can be IPOs for equity shares or debt securities. Capital gain implications vary accordingly.Payment of STT in case of equity share transfer.Date of transferUnderstanding Capital Gains Tax on IPO InvestmentsCapital gain implications on the sale of listed equity shares floated as IPO are as follows:Holding period: If the shares are held for a period exceeding 12 months, they are considered a Long-Term Capital Asset, the eventual transfer of which will result in Long-Term Capital Gains. This means that even when held for a period equal to 12 months, they are still a Short-Term Capital Asset.Rate: The rate determination depends on the date of transfer.Type of Capital GainApplicable Tax RateShort-Term Capital Gains 20%Long Term Capital Gains12.5% - Exempt up to Rs.1.25 lakh Note: In any of the above cases, indexation benefit is not available.Taxation of Stock Options and Employee Equity in IPOsIn the case of employee stock options given at the time of IPO, the capital gains provisions do not differ per se, but a few details are to be looked into regarding the date of acquisition, and period of holding.The date of exercising the option becomes the date of acquisition, using which the period of holding is calculated.Also, when purchasing ESOPs, employees receive the shares at a concessional rate compared to the market price.

Inherited property itself is not taxed when received, but capital gains tax may apply when you sell inherited property. The tax is calculated based on the previous owner’s cost of acquisition, holding period, and eligible indexation benefits. You may also reduce or save tax through exemptions such as Section 54 and Section 54EC.What is Inherited Property?The property passed down or transferred to the legal heirs of a deceased person is called inherited property. Such property received by the legal heir is said to be their inheritance. Legal heirs of a deceased person can be a spouse, children, mother, grandchildren etc.

Section 54 of the Income Tax Act, allows taxpayers to claim an exemption from Long-term Capital Gains arising from sale of residential house property, when such gains are reinvested in another residential property. The taxpayer must purchase a new residential house within 2 years or construct a new house within 3 years from date of sale. However, the maximum allowed exemption limit is capped at Rs. 10 Crore. Overview of Section 54 ExemptionAspectDetailsWho can claimIndividuals and HUFs onlyCapital gains typeLong-term capital gains from sale of residential house propertyExemption limitRs. 10 CroreTax regimeAvailable under both old and new tax regimesWhat is Section 54?Section 54 provides an exemption from long-term capital gains tax when an individual sells a house and purchases another house using the capital gains.

An income tax refund arises when the taxpayer pays more tax than the actual tax liability for the financial year. The Income Tax Department allows the taxpayers to claim a refund of the excess taxes paid in the form of TDS, TCS or advance tax by filing an Income Tax Return (ITR). Similarly, once ITR is filed taxpayers can also track and check their refund status online through the e-filing portal and other various means. ITR Filing Updates FY 2025-26 (AY 2026-27)CBDT has released latest forms for ITR-1, ITR-2, ITR-3, and ITR-4 with updates and changes for FY 2025-26.The due date to file ITR-1 & ITR-2 is 31st July 2026.The due date to file ITR-3 & ITR-4 (Non-audit cases) is 31st August 2026.Taxpayers will only be eligible to claim refund by filing ITR once the ITR filing window goes live. What is Income Tax RefundAn income tax refund is the amount returned by the Income Tax Department when a taxpayer pays more tax than their actual tax liability during a financial year. For example, If the TDS and advance tax paid by Mr. A is Rs.