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.

The Income Tax Act 2025 was introduced in the previous budget to replace the age-old Income Tax Act 1961 in India. It consists of 536 sections, with over 23 chapters which intend to modernise the direct tax system of the country, simplify compliance and reduce litigation. It comes in effect from 1st April 2026 as announced in Budget 2026.Key HighlightsThe concept of 'Assessment Year' and 'Financial Year' has been replaced by 'Tax Year'.The act has been made technologically more consistent, including digital transactions, records and assets the relevant provisions. What is the Income Tax Act 2025?The Income Tax Act 2025 is a comprehensive legislation governing the levy, administration, collection, and recovery of direct taxes in India. The new tax provision aims to bring an income tax reform by simplifying income tax laws.The new act aims at simplification of tax laws, making it easier to understand, interpret and comply with. Easy, more automated and user friendly compliance is expected to reduce the instances of non-compliance and tax avoidance techniques.When Does the Income Tax Act 2025 Come Into Effect?The Income Tax Act, 2025 will come into effect from 1st April 2026 completely replacing the existing Income Tax Act 1961.

The National Savings Certificate (NSC) is a secure investment option provided through post offices. Interest rate fixed for Q1 of FY 2026-27 is 7.7% per annum. A minimum investment is Rs. 1,000 is required to open an NSC account and lock in period is for 5 years. Tax benefits of up to Rs. 1.5 lakh is available under section Section 80C of the Income Tax Act.

Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme for the girl child. Parents or legal guardians can invest under this scheme to secure their daughter’s future. Minimum and maximum investment of SSY scheme is Rs. 250 and Rs. 1.5 Lakh respectively, per financial year. Such contributions qualify for section 80C deduction up to Rs 1.5 Lakh.

ITR-4 (Sugam) is an income tax return for resident individuals, HUFs and firms with total income up to Rs. 50 lakhs and having business or professional income under the presumptive taxation scheme as per Sections 44AD, 44ADA or 44AE along with salary, one house property and other incomes. Tax audit is generally not applicable for ITR-4 as it is designed for small taxpayers with business income. However, tax audit becomes applicable when income crosses certain limits. What Changed in ITR-4 for FY 2025-26 (AY 2026-27)Reporting of income from house property from up to 2 propertiesRemoval of Foreign Retirement Benefit account under Section 89AMandatory disclosure of bank balanceReporting long-term capital gains under Section 112A up to Rs. 1.25 lakhWho Can File ITR-4?ITR-4 is to be filed by the individuals/HUF/Partnership firm who fulfill the following conditions:Is a Resident of India as per Income Tax ActHaving Business or Professional IncomeIncome from business calculated under Section 44AD or 44AEIncome from profession calculated under Section 44ADALong-term capital gains income on equity share & mutual funds up to Rs. 1.25 lakhs (having no brought-forward or carry-forward capital loss)Should not have income from more than two house propertyWho Cannot Not File ITR-4?An individual whose total income exceeds rupees 50 lakhs.An individual who is either a director in a company An individual who has invested in unlisted equity shares cannot use this form.An individual, HUF or partnership firm who is required to maintain the books of accounts under the Income-tax Act, 1961.Resident but not ordinarily residents (RNOR) and Non-residentsIndividuals  who have earned income through the following means: Lottery, racehorses, legal gambling, etc.Individual who has more than one house propertyTaxable capital gains (short-term and long-term)Agricultural income exceeding Rs 5,000A resident that has assets (including financial interest in any entity) outside India or is a signing authority in any account located outside IndiaIndividuals claiming relief of foreign tax paid or double taxation relief under section 90/90A/91Gains from Virtual Digital Assets (Crypto currency)Individuals for whom the TDS has been deducted under Section 194NDue Date to File ITR-4 For FY 2025-26 (AY 2026-27)The last date to file ITR-4 for FY 2025-26 (AY 2026-27) was changed in Budget 2026 to 31st August 2026 for non-audit taxpayers.

ITR-3 is the income tax return form for individuals and HUFs having income from a proprietary business or profession. It is applicable when the taxpayer maintains regular books of accounts and total income exceeds Rs. 50 lakhs.What Changed in ITR-3 for FY 2025-26 (AY 2026-27)Before and after 23rd July 2024 reporting requirement for capital gains has been removedAddition of new field for reporting F&O turnover and incomeAdditional disclosure for deductions under Sections 80G, 80GGC, 80DD and 80UAddition of Section 44BBD tax audit informationWho Can File ITR-3?Individuals and HUFsCarrying on business under presumptive schemeCarrying on ProfessionIncome From Dividend/InterestIncome from freelancing or consultancyIncome from F&O Trading/Intraday/Share TradingThe return may include income from house property, salary/pension, capital gains, and other sources.Remuneration received from a partnership firm (Not from LLPs)Who Cannot File ITR-3?No persons other than individuals & HUF are eligible to file ITR -3 Form.Individuals & HUFs not having income by way of business or profession or partnership firm are not eligible to file the ITR-3 Form. In other words, any person who is eligible to file ITR-1, ITR-2 and ITR-4 is not eligible to file ITR-3.Last Date to File ITR 3 for FY 2025-26 (AY 2026-27)For non-audit cases, the due date  to file ITR-3 for FY 2025-26 (AY 2026-27) is 31st August 2026 and for accounts requiring audit, the due date is 31st October 2026.What is the Structure of ITR-3?Part APart A-GEN: General information and Nature of BusinessPart A-BS: Balance Sheet as of March 31, 2021, of the Proprietary Business or ProfessionPart A- Manufacturing Account: Manufacturing Account for the financial year 2020-21Part A- Trading Account: Trading Account for the financial year 2020-21Part A-P&L: Profit and Loss for the financial Year 2020-21Part A-OI: Other Information (optional in a case not liable for audit under Section 44AB)Part A-QD: Quantitative Details (optional in a case not liable for audit under Section 44AB)After this, there are the following schedules.Schedule-S: Computation of income under the head Salaries.Schedule-HP: Computation of income under the head Income from House PropertySchedule BP: Computation of income from business or professionSchedule-DPM: Computation of depreciation on plant and machinery under the Income-tax ActSchedule DOA: Computation of depreciation on other assets under the Income-tax ActSchedule DEP: Summary of depreciation on all the assets under the Income-tax ActSchedule DCG: Computation of deemed capital gains on the sale of depreciable assetsSchedule ESR: Deduction under section 35 (expenditure on scientific research)Schedule-CG: Computation of income under the head Capital gains.Schedule 112A: Details of Capital Gains where section 112A is applicableSchedule 116AD(1)(b)(iii)Proviso: For Non-Residents Details of Capital Gains where section 112A is applicable.Schedule-OS: Computation of income under the head Income from other sources.Schedule-CYLA-BFLA: Statement of income after set off of current year’s losses and Statement of income after set off of unabsorbed loss brought forward from earlier years.Schedule-CYLA: Statement of income after set off of current year’s lossesSchedule BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.Schedule CFL: Statement of losses to be carried forward to future years.Schedule- UD: Statement of unabsorbed depreciation.Schedule ICDS – Effect of Income Computation Disclosure Standards on ProfitSchedule- 10AA: Computation of deduction under section 10AA.Schedule 80G: Statement of donations entitled for deduction under section 80G.Schedule RA: Statement of donations to research associations etc. entitled for deduction under section 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA)Schedule- 80IA: Computation of deduction under section 80IA.Schedule- 80IB: Computation of deduction under section 80IB.Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.Schedule VI-A: Statement of deductions (from total income) under Chapter VIA.Schedule AMT: Computation of Alternate Minimum Tax Payable under Section 116JCSchedule AMTC: Computation of tax credit under section 116JDSchedule SPI: Statement of income arising to spouse/ minor child/ son’s wife or any other person or association of persons to be included in the income of the assessee in Schedules-HP, BP, CG and OS.Schedule SI: Statement of income which is chargeable to tax at special ratesSchedule-IF: Information regarding partnership firms in which assessee is a partner.Schedule EI: Statement of Income not included in total income (exempt incomes)Schedule PTI: Pass through income details from a business trust or investment fund as per section 116UA, 116UBSchedule TPSA: Secondary adjustment to transfer price as per section 92CE(2A)Schedule FSI: Details of income from outside India and tax reliefSchedule TR: Statement of tax relief claimed under section 90 or section 90A or section 91.Schedule FA: Statement of Foreign Assets and income from any source outside India.Schedule 5A: Information regarding apportionment of income between spouses governed by Portuguese Civil CodeSchedule AL: Asset and Liability at the end of the year(applicable where the total income exceeds Rs 50 lakhs)Schedule tax deferred on ESOP: Information of tax-deferred on ESOPS received from eligible start-ups referred to in Section 80-IACSchedule GST: Information regarding turnover/ Gross receipt reported for GSTPart B-TI: Computation of Total Income.Part B-TTI: Computation of tax liability on total income.VerificationHow to File ITR-3 on ClearTax?Step 1: Log in to your Clear account and click on “Start Filing” to begin the ITR filing process.Step 2: Link your PAN by entering your PAN number and date of birth and complete OTP verification using your Aadhaar-registered or Income Tax registered mobile number.Step 3: Complete OTP verification again to pre-fill your personal and income details from the Income Tax Department and review the imported information for accuracy.Step 4: Go to the Personal Info tab to edit or confirm your details and move to Income Sources to review or upload Form 16 or Form 26AS and add house property, other income, and capital gains.Step 5: Import capital gains directly by logging into your broker’s platform or enter the details manually if required.Step 6: In the Business or Profession section, add BSPL income and fill in the balance sheet, P&L, depreciation, ICDS details, Schedule BP, Schedule OI, and tax audit details if applicable.Step 7: Review or add deductions under the Deductions tab and claim eligible tax-saving benefits.Step 8: Enter tax-paid details such as advance tax, self-assessment tax, and TDS, or upload Form 26AS to auto-populate TDS information.Step 9: Fill Schedule AL and other disclosures if applicable, such as when total income exceeds ₹50 lakh or specified financial transactions are reported.Step 10: View the tax computation, compare old vs new tax regimes, switch if required, review all details, and click “File tax.”Step 11: Submit the self-declaration confirming that all the information provided is correct.Step 12: Pay any outstanding tax and enter the challan details, or proceed directly if there is no tax due or a refund is available.Step 13: Complete the payment for filing and submit the return to receive the acknowledgement number.Step 14: e-Verify your ITR to successfully complete the return filing process.How to File Your ITR-3 Online on Income Tax Portal?Step 1: Visit the Income Tax e-Filing Portal and log in using your PAN as the User ID and your password.Step 2: After logging in, go to the e-File menu and select “Income Tax Return” from the drop-down. Choose the relevant Assessment Year and select the Online mode of filing.Step 3: Click “Start New Filing” and select your applicable taxpayer status (Individual, HUF, etc.).Step 4: Select the appropriate ITR Form (e.g., ITR-3, if applicable to you).Step 5: Click “Let’s Get Started” and select the reason for filing your return.Step 6: Choose the schedules applicable as per your sources of income.Step 7: Begin with General Information, verify the pre-filled data, and select the tax regime (Old or New) applicable to you.

ITR-2 is an Income Tax Return form for individuals and HUF who do not have income from business or profession. It is applicable to taxpayers earning income from capital gains, more than one house property, foreign assets or foreign income, and for NRIs.In simple terms, taxpayers who are not eligible for ITR-1 and do not have business or professional income should file ITR-2.What Changed in ITR-2 for FY 2025-26 (AY 2026-27)Removal of requirement to report capital gains as before and after 23rd July 2024. Reporting additional details such as transaction number to claim deductions against donations. Removal of STCG of 15%, LTCG of 10% and 20% across all schedules. Who Can File ITR-2?ITR-2 form is for individuals and HUF receiving income other than income from ‘Profits and Gains from Business or Profession’.Income from salary or pensionIncome from house property (income can be from more than one house property)Income from capital gains or loss on sale of investments or property (both short-term and long-term)Income from other sources (including winning from lottery, bets on racehorses and other legal means of gambling)Agricultural income of more than Rs 5,000Resident not ordinarily resident and a non-residentThe total income from the above sources may exceed Rs 50 lakh.Further, if you are a Director of any company and an individual who has invested in unlisted equity shares of a company, you must file returns in ITR-2.Who Cannot file ITR-2?Any individual or HUF having income from business or profession.Note - Taxpayers eligible to file ITR-1 can also file ITR-2. However, it is advisable to file using ITR-1 as long as they meet the eligibility criteria.Last Date to File ITR 2 for FY 2025-26 (AY 2026-27)The due date to file ITR-2 for FY 2025-26 (AY 2026-27) is 31st July 2026. Not filing ITR within the specified due date can attract late fees and additional interests. What is the Structure of ITR-2?ITR-2 is divided into the following parts and schedules:Part A: General informationSchedule S: Details of income from salariesSchedule HP: Details of income from house propertySchedule CG: Computation of income under capital gainsSchedule 112A - From the sale of equity share of a company or a unit of equity oriented fund /business trust on which STT is paidSchedule 116AD(1)(b)(iii) proviso- For non-residents -From the sale of equity share of a company or a unit of equity oriented fund/business trust on which STT is paidSchedule VDA - Income from Transfer of Virtual Digital AssetsSchedule OS: Computation of income under income from other sourcesSchedule CYLA: Statement of income after set off of current year’s lossesSchedule BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier yearsSchedule CFL: Statement of losses to be carried forward to future yearsSchedule VIA: Statement of deductions (from total income) under Chapter VIASchedule 80G: Statement of donations entitled for deduction under Section 80GSchedule 80GGA: Statement of donations for scientific research or rural developmentSchedule 80GGC: Statement of contribution made to political partiesSchedule 80DD: Details of deduction in respect of maintenance including medical treatment of a dependent who is a person with disability Schedule AMT: Computation of Alternate Minimum Tax payable under Section 116JCSchedule AMTC: Computation of tax credit under Section 116JDSchedule SPI: Statement of income arising to spouse/minor child/son’s wife or any other person or association of persons to be included in the income of the assessee in Schedules-HP, CG and OSSchedule SI: Statement of income which is chargeable to tax at special ratesSchedule EI: Details of exempt incomeSchedule PTI: Pass through income details from business trust or investment fund as per Section 116UA, 116UBSchedule FSI: Statement of income accruing or arising outside IndiaSchedule TR: Details of taxes paid outside IndiaSchedule FA: Details of Foreign Assets and income from any source outside IndiaSchedule 5A: Statement of apportionment of income between spouses governed by Portuguese Civil CodeSchedule AL: Asset and liability at the year-end (applicable in case the total income exceeds Rs 50 lakh)Schedule tax deferred on ESOP: Information of tax-deferred on ESOPS received from eligible start-ups referred to in Section 80-IACPart B-TI: Computation of total incomePart B-TTI: Computation of tax liability on total incomeTax payments- Details of payment of advance tax and self-assessment taxDeclaration by the taxpayerDetails to be filled if a tax return preparer has prepared the returnWhat are the Documents Needed to File ITR-2?Form 16 issued by your employer.Form 16A: If TDS has been deducted on interest income on fixed deposits or saving bank accountForm 26AS: For verification of TDS on salary and non-salary income.Rent receipts: For the calculation of HRA (in case you have not submitted the same to your employer).Capital Gains Statement: If you have any capital gains transactions in shares or mutual funds.Bank Passbook, Fixed Deposit Receipts (FDRs): To calculate amount of interest income.Proof documents for tax saving deductions: For claiming tax saving deductions u/s 80C, 80D, 80G, and 80GG such as life and health insurance receipts, donation receipts, rent receipts, receipts for tuition fees etc., How to File ITR-2 on ClearTax?Step 1: Log in or sign up on the ClearTax portal and link your PAN using the OTP sent to your registered mobile number.Step 2: Complete the OTP verification to pre-fill your details from the Income Tax portal.Step 3: Upload your Form 16 or choose to enter the details manually to continue with e-filing.Step 4: Review the information under the Personal Information section and proceed to Income Sources.Step 5: Upload Form 16 here if you skipped it earlier to automatically fill in your salary details.Step 6: Add capital gains from assets such as stocks, mutual funds, gold, bonds, ESOPs/RSUs, or property.Step 7: Import your stock and mutual fund transactions by logging in through your broker or by uploading the provided ExcelStep 8: Report intraday transactions, which are automatically classified under business income. Step 9: Enter details for foreign investments by importing from supported brokers or uploading the Excel template.Step 10: Include income from dividends, savings account interest, and fixed deposits under Other Income.Step 11: Claim deductions in the Tax Savings section, either from auto-filled data or by entering them manually. Step 12: Add any brought-forward losses to set them off against current gains.Step 13:  Verify TDS and advance tax details in the Tax Paid section using auto-filled data or by uploading Form 26AS.Step 14: Review the auto-selected ITR form and the suggested tax regime that helps you save the most tax.Step 16: Click on File Now, complete the payment if applicable, and e-verify your return to finish the process.How to File Your ITR-2 Online on Income Tax Portal?Step 1: Visit the Income Tax e-filing Portal and log in using your PAN as the User ID and your password.Step 2: After logging in, go to the e-File menu and select “Income Tax Return” from the drop-down. Choose the relevant Assessment Year and select the Online mode of filing.Step 3: Click “Start New Filing” and select your applicable taxpayer status (Individual, HUF, etc.).Step 4: Select the appropriate ITR Form (e.g., ITR-2, if applicable to you).Step 5: Click “Let’s Get Started” and select the reason for filing your return.Step 6: Choose the schedules applicable as per your sources of income.Step 7: Begin with General Information, verify the pre-filled data, and select the tax regime (Old or New) applicable to you.Step 8: Fill in all the relevant schedules according to your income details, then click “Proceed to Verification”.Step 9: Review your return for errors, correct them if necessary, pay any self-assessment tax due, and submit your ITR.Major Changes in ITR-2 in AY 2026-27The key changes made in form ITR-2 for FY 2025-26 (AY 2026-27) are listed below:A new field has been added to the Capital Gains Schedule in ITR forms to report such buy-back losses, ensuring compliance with the amended provisions.Reporting required only if total income exceeds ₹1 crore (raised from previous limit).Detailed disclosures now required for deductions under Sections 80C, 10(13A) (HRA), etcTaxpayers must report TDS sections in 'Details of TDS deducted' for better accuracy and reconciliation. 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ITR-1 (Sahaj) is the income tax return form for resident individuals with total income up to Rs. 50 lakh from salary or pension, two house property, and other sources like interest. It can also be used when you have long-term capital gains under Section 112A up to Rs. 1.25 lakh, provided there are no brought forward or carry forward capital losses.However, ITR-1 cannot be used if you have business or professional income, more than two house property, capital gains above the specified limit, foreign assets, or total income exceeding Rs. 50 lakh.

Kisan Vikas Patra (KVP) is a government-backed savings scheme offered by India Post that allows investors to double their investment in 115 months (9 years and 5 months). It is a low-risk investment option designed to encourage long-term savings by offering guaranteed returns with annual compounding.Under the current rules, KVP offers an interest rate of 7.5% per annum, and the minimum investment starts from Rs.1,000 with no maximum limit. The scheme is suitable for conservative investors who want safe and predictable returns without exposure to market risks.Kisan Vikas Patra (KVP) - Key HighlightsGovernment-backed savings scheme that doubles your investment in 115 months (9 years 5 months).Current interest rate is 7.5% p.a., compounded annually (as per latest rates).Minimum investment is Rs.1,000 with no maximum limit on investment.Interest earned is taxable and no deduction is available under Section 80C.Available at post offices and selected banks with nomination and transfer facility.What is Kisan Vikas Patra?India Post introduced the Kisan Vikas Patra (KVP) as a small saving certificate scheme in 1988. The tenure for the scheme is now 115 months (9 years and 5 months).And if you invest a lump sum amount today, you can get double the amount at the end of the 115th month. Initially, it was meant for farmers to enable them to save for the long term, hence the name. Now it is available for all. The minimum investment amount is Rs.1,000, and there is no upper limit. To prevent the possibility of money laundering, the government in 2014 made PAN card proof compulsory for investments above Rs.50,000.

The Post Office Monthly Income Scheme (POMIS) is a government backed savings scheme offered through the India Post that allows investors to deposit a lump sum amount and earn a fixed monthly income. It is designed for individuals seeking stable and low risk returns, making it particularly suitable for retirees or conservative investors who prefer predictable cash flow instead of market-linked investments.The POMIS offers an interest rate is 7.40% per annum, which is payable monthly, with an investment tenure of 5 years. The maximum amount that an investors can deposit is Rs. 9 lakh for a single account and Rs. 15 lakh for a joint account.Post Office Monthly Interest Scheme - Key HighlightsParticularsDetailsScheme TypeGovernment-backed savings schemeInterest Rate7.40% per annumTenure5 yearsMaximum DepositRs.