JJ Tax

Feeling confused about tax savings and your LIC policy? Let’s clear the air! Many Indians wonder if LIC premiums qualify for Section 80C deductions—and the short answer is yes ✅

LIC Premiums and Section 80C

Premiums paid towards LIC life insurance policies are eligible for deductions under Section 80C of the Income Tax Act. You can claim this benefit if the policy is in your name, your spouse’s, or your child’s.

Here’s how it works:

Policies issued before 31st March 2012 → Premiums up to 20% of the sum assured qualify.

Policies issued after 1st April 2012 → Premiums up to 10% of the sum assured qualify.

Even LIC’s deferred annuity plans (without cash payment options) are eligible for Section 80C benefits.

Other Tax Benefits with LIC 🎯

✔ Section 80CCC – Deductions for contributions to LIC annuity/pension plans. ✔ Section 80D – Health insurance from LIC qualifies for deductions up to ₹25,000 (₹50,000 for senior citizens). Preventive check-ups up to ₹5,000 are also included. ✔ Section 80DD – Deductions for maintaining a dependent with disability (₹75,000 for 40–80% disability, ₹1,25,000 for 80%+ disability). LIC’s Jeevan Aadhar plan caters to this need. ✔ Section 10(10D) – Maturity or death benefits from LIC policies are tax-free (subject to certain conditions).

Important Points to Remember ⚠️

If your maturity/death benefit exceeds ₹1 lakh and doesn’t qualify under Section 10(10D), TDS @ 2% under Section 194DA will apply.

For payouts under ₹1 lakh, no TDS is deducted—but the amount is still taxable.

Final Thoughts 🌟

LIC policies are more than just tax-saving tools—they’re about financial protection and future security. Tax benefits are the bonus! 🎁

GST Registration Online is a crucial step for businesses in India to gain recognition as taxable entities under the Goods and Services Tax (GST) framework. Whether you’re a startup, SME, or established enterprise, obtaining a GSTIN (Goods and Services Tax Identification Number) ensures compliance and opens doors to nationwide trade.

Who Needs GST Registration?

Turnover Exceeding Thresholds: ₹40 lakh for goods, ₹20 lakh for services (₹10 lakh for special category states).

Composition Scheme: ₹1.5 crore turnover (₹50 lakh for specified states).

Interstate Suppliers: Mandatory for businesses supplying across state borders.

Specific Categories: CTPs, NRTPs, ECOs, ISDs, Section 9(5) entities, and TDS deductors.

E-commerce Participants & OIDAR Suppliers: Compulsory for online sellers and service providers.

Online Gaming: Non-resident suppliers offering online money gaming to Indian customers.

Benefits of GST Registration

✔ Input Tax Credit eligibility ✔ Seamless interstate business ✔ Lower tax liability under composition scheme ✔ Enhanced online presence for e-commerce ✔ Improved credibility & competitive edge

Online Registration Process

Visit GST Portal

Fill Form REG-01 with business details

Upload documents & authenticate via DSC/OTP

Submit application for verification

Receive GSTIN and Registration Certificate

Key Documents Required

PAN & Aadhaar

Business registration proof

Promoter/Director ID & address proof

Address proof of business place

Bank account details & cancelled cheque

DSC & Letter of Authorization

Non-Compliance Consequences

❌ Penalty: 10% of tax due or ₹10,000 (minimum) ❌ For tax evasion: 100% of tax evaded

Final Thoughts

GST Registration is more than a legal mandate—it’s an enabler for growth. By registering, businesses unlock ITC, interstate trade, and higher credibility. At JJ Tax, we simplify GST registration so you can stay compliant without stress.

GST Registration Online – Quick Guide

Want to run your business stress-free? Getting your GSTIN is the first step! Here’s everything you need:

Who Needs GST?

Turnover above ₹40 lakh (goods) / ₹20 lakh (services)

Interstate suppliers

E-commerce sellers & online platforms

Casual & non-resident taxable persons

Online gaming & OIDAR service providers

Why Register?

✅ Claim Input Tax Credit ✅ Do interstate trade easily ✅ Build trust with customers ✅ Grow your e-commerce business

Process in 5 Steps

Go to gst.gov.in

Fill Form REG-01

Upload docs (PAN, Aadhaar, proof of business, bank details)

Verify via DSC/OTP

Get GSTIN & Certificate

Penalties

₹10,000 or 10% of tax (minimum)

100% of tax if caught evading 🚨

✨ With JJ Tax, GST registration is stress-free. 👉Visit www.uniqey.in to get in touch today.

Think filing ITR is just boring compliance? 🤔 It’s actually way more powerful than you think. Filing your Income Tax Return not only keeps you on the right side of the law but also opens doors to opportunities, credibility, and financial security.

Step-by-Step Grievance Filing Process

1️⃣ Go to the official Income Tax e-filing website. 2️⃣ Scroll to the bottom → click on Contact Us → Grievance. 3️⃣ Select “I do not have a PAN/TAN” (if applicable) → Continue. 4️⃣ Fill in your personal details. 5️⃣ Verify with OTP sent to your registered email & mobile. 6️⃣ Choose the Type of Grievance and describe your issue. 7️⃣ Enter details like Assessment Year, Financial Year, or PAN/TAN if required. 8️⃣ Clearly explain your grievance & attach documents. 9️⃣ Review → Click Submit Grievance. 🔟 Receive an acknowledgement & reference number to track status.

⏳ Resolution Timeline

Most grievances are resolved within 8 weeks of submission.

💡 Final Thoughts

The e-Nivaran portal is your digital tool to ensure accountability and fair resolutions with the Income Tax Department.

Tax lingo can get confusing — particularly when your CA is tossing them about during tax season. Let's differentiate the three most frequently used: Tax Planning, Tax Avoidance, and Tax Evasion.

Tax Planning

What it is: A smart and lawful method of structuring your finances to minimise tax burden. How it works: By means of deductions, exemptions, and forms of investment that are authorised by law. Goal: To pay less tax legally while maximising financial well-being.

Tax Avoidance

What it is: Utilising loopholes or ambiguities in taxation legislation to cut costs. How it works: Negotiating deals and finances to technically comply with the law, but not necessarily in its real spirit. Objective: Cut taxes, but sometimes viewed as unethical.

Tax Evasion

What it is: Illegal and punishable. How it works: Concealing income, falsifying records, or under-reporting profits. Penalties under Indian law include:

Concealing income → Fine of 100% to 300% of evaded tax.

Not filing ITR within time → Penalty up to ₹5,000.

Default in TDS/TAN compliance → Penalty of ₹10,000 to ₹200/day.

Significant evasion (above ₹25 lakh) → Imprisonment from 6 months to 7 years + fine.

Key Takeaway

Tax Planning = Good & Legal

Tax Avoidance = Legal but Grey

Tax Evasion = Illegal & Punishable

Need easy tax planning? Head over to uniqey. in for professional assistance, customised tax plans, and timely updates — all under one roof.

Feeling stressed about Indian tax deadlines? Don’t worry — here’s your cheat sheet to stay organised and compliant with Income Tax, Advance Tax & GST

For Individuals

Advance Tax (FY 2025-26)

If your estimated tax liability exceeds ₹10,000, pay advance tax in instalments:

June 15, 2025 → 15% of total tax liability

Sept 15, 2025 → 45% (including June payment)

Dec 15, 2025 → 75% (including previous)

Mar 15, 2026 → 100% (final instalment)

Tax-Saving Investments

Deadline: Mar 31, 2025 → Last chance to make investments/deductions for FY 2024-25.

Income Tax Returns (AY 2025-26, FY 2024-25)

July 31, 2025 → Individuals (no audit required)

Oct 31, 2025 → If accounts/business are audited

TDS Certificates

Form 16 (Salary) → By June 15, 2025

Form 16A (Other income) → Issued quarterly, within 15 days of quarter-end

For Businesses

Advance Tax (FY 2025-26)

Same deadlines as individuals.

GST Compliance

GSTR-1 (Outward supplies) → Usually 11th of next month

GSTR-3B (Summary return) → Usually 20th of next month

QRMP Filers → Different quarterly deadlines

GSTR-9 (Annual Return, FY 2024-25) → Dec 31, 2025

TDS Obligations

Monthly Deposit → By the 7th of next month

Quarterly Returns:

Q1 (Apr–Jun): July 31

Q2 (Jul–Sep): Oct 31

Q3 (Oct–Dec): Feb 15

Q4 (Jan–Mar): May 31

Form 16 (Employees) → By June 15, 2025

Form 16A (Others) → Within 15 days of quarter-end

Corporate Tax (AY 2025-26)

Sep 30, 2025 → Companies (no transfer pricing report)

Nov 30, 2025 → Companies (with transfer pricing report under Sec 92E)

Book a FREE 15-minute call today at uniqey.in

Perplexed by an Income Tax notice in your mailbox?

✅ Section 143(1) – Intimation

Initial verification of your return.

May imply: ✔ Everything is fine, ✔ Refund payable, ❌ Additional tax payable.

✅ Section 143(2) & 143(3) – Scrutiny Assessment

Your return is selected for careful verification.

Issued when AO has reason to believe income is understated, claims are excessive, or tax has been mis-matched.

✅ Section 156 – Demand Notice

Pay the due tax + penalty/interest (if any).

✅ Section 142(1) – Enquiry

AO can request further information/documents, or late filing of return.

✅ Section 139(9) – Defective Return

Errors/omissions detected in your ITR (incorrect form, mismatched TDS, omitted income etc.).

✅ Section 148 – Reassessment

If income was omitted/evaded in previous ITRs, AO can re-open it.

✅ Section 131 – Summons

Personal presence required. May include producing books of accounts, evidence, or furnishing a statement.

✅ Section 245 – Refund Adjustment

Outstanding tax dues can be offset against your pending refund.

Uniqey by JJ Tax is here for you! Visit Uniqey. in and get in touch with our tax experts if you have any queries regarding income tax notices or need help responding to one.

Loan-free? Congrats! That final EMI is history—and now it’s time to take charge of your financial freedom.

Let’s turn that extra cash flow into something powerful: long-term wealth and security.

🔁 Shift from Debt to Wealth

Reassess your budget: Where’s that EMI money going now?

Identify the increase in your disposable income

Replace debt stress with goal-driven planning and investment

🎯 Set Clear Financial Goals

Don’t fall into the lifestyle inflation trap.

Instead:

Prioritize goals: early retirement, kids’ education, new business

Use apps or vision boards to stay focused

Set short- and long-term financial milestones

Know the difference between wants and needs

📈 Invest Smarter, Not Just More

Now’s the time to grow your wealth:

Diversify across mutual funds, stocks, PPF, NPS, and more

Align your investments with your risk appetite and life stage

Rebalance your portfolio regularly

Consult a financial planner if needed

💰 Budget Revamp & Emergency Fund

Post-loan, your budget needs an upgrade.

Allocate EMI savings to:

Emergency fund (3–6 months of expenses)

Investments

Insurance top-ups

Use automated saving tools

Review your insurance policies — health, life, and more

🧓 Retirement & Legacy Planning

Whether you're 30 or 50, it’s never too early.

Estimate your retirement needs

Plan for wealth transfer (will, nominee updates, etc.)

Explore early retirement options

Use digital tools to simulate your future income & expenses

✅ Final Thought

Being loan-free is just the start. What matters most is how you use your financial freedom.

Swap debt with disciplined investing

Prioritize long-term over instant gratification

Plan, protect, and grow your future

📱 Need Help?

The Uniqey by JJ Tax App makes financial planning easy. Chat with JIA, our expert-powered AI, for guidance on: ✅ Investments ✅ Tax planning ✅ Budgeting ✅ Debt management and more!

Download the Unikey by JJ Tax app now and take charge of your financial future.

Confused about taxes as a freelancer? Here’s everything you need to know about ITR, GST, deductions & more — simplified just for you!

💸 How Is Freelance Income Taxed?

Freelance income — whether from project fees, hourly gigs, or contracts — falls under “Profits and Gains from Business or Profession” as per Indian tax laws.

Your tax liability depends on your total annual income, and here’s what you need to look out for:

🔹 GST (Goods & Services Tax)

Mandatory if income exceeds ₹20 lakhs (₹10 lakhs for special category states).

Standard GST rate for most services: 18%.

🔹 Presumptive Taxation – Section 44ADA

If your income is under ₹50 lakhs, you can declare 50% of your gross receipts as taxable income.

Saves time and effort!

🔹 Tax Audit

Required if income exceeds ₹50 lakhs (or ₹75 lakhs if less than 5% of income is in cash).

🔹 TDS (Tax Deducted at Source)

If clients pay you over ₹30,000 in a financial year, they deduct 10% TDS.

💡 Deductions & Expenses Freelancers Can Claim

Here are common expenses you can deduct to save tax:

Office Rent & Maintenance

Office Supplies & Equipment (with depreciation)

Internet & Phone (work-related portion)

Travel for business

Professional fees (CA, lawyer, etc.)

Tax-Saving Investment Options

Use these sections to reduce your taxable income:

Section 80C: Life insurance, ELSS, PPF – up to ₹1.5L

Section 80D: Health insurance premiums

Section 80E: Interest on education loans

Section 80G: Charitable donations

Section 80GG: Rent paid (no HRA)

Section 80TTA: Savings account interest (₹10,000 max)

Section 80U: For individuals with disabilities

Section 80CCD: NPS contributions

Section 44ADA: Flat 50% income declaration for freelancers (if income < ₹50L)

Filing ITR as a Freelancer – Made Simple

Which ITR Form to Use?

ITR-3: If not opting for presumptive scheme\

ITR-4: If using Section 44ADA

Step-by-Step ITR Filing:

Calculate your gross income

Note your deductible business expenses

Choose the correct ITR form

Log in to the e-Filing Portal

Fill details, upload docs, calculate tax

E-verify using Aadhaar OTP or EVC

Save your data as you go

✅ Final Thoughts

Being a successful freelancer in India means more than doing great work — it’s also about knowing your taxes. From income classification to deductions, staying compliant is key.

Want expert help? 👉 Book your FREE 15-min consultation with Uniqey by JJ Tax. 📧 Write to us at [email protected] to make the most of your freelance income

Visit https://uniqey.in/

Don't let simple errors cost you your hard-earned money. If you’re planning to save on taxes, make sure you're not falling into these common traps. Here's how to make smarter moves with your tax-saving instruments

1. Waiting Till the Last Quarter

Why it’s bad Most people wait until Q4 to make tax-saving investments—a big mistake! Rushed decisions = poor choices.

✅ Pro tip: Start planning at the beginning of the financial year to avoid stress and spread out your investments wisely.

2. Thinking Only Investments Help You Save

Tax savings ≠ just mutual funds or FDs. There’s a world of deductions under the old regime—check these out:

📌 Life & Medical Insurance 📌 Health Check-ups 📌 Education Fees & Loan Repayment 📌 EV Loan Interest 📌 Rent Paid 📌 Donations & Political Contributions 📌 Support for Disabled Dependents … and more under Section 80C and beyond!

3. Not Fully Using Section 80C

You’re allowed ₹1.5 lakh deduction under 80C—don’t leave that money on the table.

✅ Invest smart:

ELSS (Equity Linked Saving Scheme)

PPF (Public Provident Fund)

NPS (National Pension Scheme)

Align them with your financial goals and review regularly.

4. Investing Without Clear Goals

Don’t invest blindly just to save tax.

✅ First ask:

What are my short & long-term goals?

What’s my risk tolerance?

How much do I really need (factoring in inflation)?

Are these instruments tax-efficient too?

5. Buying Insurance as Investment

Life insurance ≠ investment plan.

⚠️ Endowment & money-back policies usually give poor returns and have long lock-ins.

✅ Better:

Use term insurance for protection

Use mutual funds/PPF for growth

6. Lack of Diversification

Putting all your money into PPF or EPF? You’re playing it too safe.

✅ Mix it up:

Equity for growth

Debt for stability

Alternatives for flexibility

Diversifying = better returns + lower risk.

💬 Final Word

Tax planning shouldn’t be a last-minute puzzle. Avoiding these mistakes puts you miles ahead. And if you're unsure?

🎯 Let the experts handle it! Visit 👉 www.jjfintax.com Our CAs are here to help you create a customised, goal-focused, tax-saving plan that actually works.

Let’s face it—navigating through India's Income Tax Act can feel like decoding a mystery novel written in a foreign language. With multiple sections, clauses, and sub-sections, it’s no surprise that tax myths spread faster than facts.

🏡 Myth 1: Deductions for Home Loan Apply Only to One Property

Truth: You can claim deductions on multiple properties. ✅ Under Section 80C, you can claim up to ₹1.5 lakh for principal repayment. ✅ Under Section 24, you can claim up to ₹2 lakh for interest payments. But remember, these limits are per financial year and not per property!

💸 Myth 2: Interest from Savings Accounts & FDs Is Tax-Free

Truth: All interest earned is taxable as "Income from Other Sources." 🔹 Section 80TTA offers up to ₹10,000 deduction on savings account interest. 🔹 FD interest? Fully taxable. Bonus fact: Gifts above ₹50,000 (from non-relatives) are also taxable—unless received on your wedding day. 🎁

💻 Myth 3: E-Filing Your Taxes Is Optional

Truth: Not anymore. If your income exceeds ₹5 lakh annually, e-filing is mandatory. And don’t forget to e-verify your return or send ITR-V to CPC, Bengaluru. Without it, your filing is incomplete!

🏠 Myth 4: Only Those Receiving HRA Can Claim Rent Deduction

Truth: You can still claim rent deduction even if HRA is not part of your salary. Just submit Form 10BA and ensure you meet the eligibility criteria (e.g., you don’t own a house).

🧾 Myth 5: Tax Filing Is Complicated

Truth: It was. Not anymore. With simplified forms, government portals, and smart apps like JJ Tax, filing your taxes is smoother than ever. No more excuses. ✅

🏦 Myth 6: Entire Home Loan Repayment Is Covered Under Section 80C

Truth: Only the principal is covered under 80C. The interest falls under Section 24, and both have different limits.

🏙️ Myth 7: Full Rent Paid Is Tax-Free Under HRA

Truth: The exempt amount is not the full rent. It’s the least of:

HRA received

Rent paid minus 10% of salary

50% of salary (metro) / 40% (non-metro)

So yes, there’s a formula behind that exemption.

🧠 Final Thought

Tax myths can cost you money 💸 and peace of mind 🧘. Don’t fall for them.

✨ Stay updated, stay informed, and when in doubt—ask JIA, the expert-powered AI chat inside the JJ Tax App. Get personalised tax advice 24/7, available on iOS & Android.

visit www.jjfintax.com

Selling your home? Don't let capital gains tax eat into your profits! Here’s your must-have guide to reduce tax on the sale of residential property in India. 💸

🔍 Capital Gains 101

🕐 Short-Term Capital Gains (STCG):

Property held ≤ 24 months

Taxed as per your income slab (5%–30%)

No indexation benefit

⏳ Long-Term Capital Gains (LTCG):

Property held > 24 months

Tax Options (w.e.f. July 23, 2024):

12.5% without indexation

20% with indexation (if acquired on/before July 22, 2024)

✅ Smart Ways to Save Capital Gains Tax

📍 Section 54 – Reinvest in another residential property Buy another house 1 year before or within 2 years after the sale to claim exemption on LTCG.

💰 Section 54EC – Invest in Capital Gains Bonds Park your gains (up to ₹50L) in bonds from REC/NHAI within 6 months of sale.

🏠 Section 54F – Reinvest in residential property (for non-house asset sales) Exempt LTCG by investing entire sale proceeds (not just gains) into a home.

🏦 Capital Gains Account Scheme (CGAS) Didn’t reinvest before ITR deadline? Deposit the gains in CGAS to save the exemption.

📉 Adjust with Capital Losses Got losses from shares, mutual funds, or other properties? Set off those against your gains.

👪 Use HUF or Joint Ownership Selling under a Hindu Undivided Family (HUF) or with co-owners? Distribute gains to lower each person’s tax burden.

🏭 Section 54GB – Invest in manufacturing startup shares Invest the gains in shares of eligible MSMEs to claim LTCG exemption.

🗓️ Plan Your Timing Hold your property for over 24 months to qualify for long-term tax benefits.

✨ Want expert guidance tailored to your case? Visit 👉 www.jjfintax.com and book your free 15-minute consultation with our expert CAs today.

Wondering what isafe is? It’s a smart, founder-friendly funding tool that makes raising money simpler for startups in India. Here’s how it works—and why it matters.

🌱 What is iSAFE?

iSAFE (India Simple Agreement for Future Equity) is a convertible security that lets investors fund your startup today, in exchange for future equity.

Unlike loans, iSAFE carries no interest and no maturity date. It’s not debt — it only converts into equity when a major event happens (like a funding round, acquisition, or IPO).

Think of it like a “future equity promise”:

💡 Valuation Cap: Sets a max valuation for early investors, so they get a better deal when shares convert.

💸 Discount Rate: Gives investors a discount on future shares.

⚖️ No Cap, No Discount: Rare, but converts at the same rate as new investors.

Best part? No pressure to repay — so founders can focus on building their dream, not debt!

📚 How iSAFE Works in India

Legally recognized as CCPS (Compulsorily Convertible Preference Shares) — so it’s fully compliant under Indian law.

Only private limited companies can issue iSAFE. LLPs and partnerships can’t use this route.

Shows up as Preference Share Capital in the balance sheet.

✅ Good news: As per Indian tax law (Section 47(xb)), converting iSAFE to equity is not taxable at the time of conversion!

✅ Why iSAFE is Popular Among Startups

No Valuation Stress Raise funds early without having to set a company valuation upfront.

Faster Fundraising Standard terms = fewer legal headaches and quicker deals.

Zero Debt Pressure No interest, no repayment — freeing founders to scale fearlessly.

Saves Founder Equity (Initially) Dilution only happens when iSAFE converts, not when funds come in.

⚠️ Things to Keep in Mind

Regulatory Ambiguity Indian rules aren’t crystal clear yet on all iSAFE matters, creating some gray areas.

Not All Investors Love It Some prefer traditional shares with immediate voting rights.

No Fixed Exit for Investors Conversion only happens during a future event—so there’s no guaranteed timeline.

Company-Only Tool Available only to private limited companies, not LLPs or partnerships.

🚀 The Bottom Line

iSAFE is making it easier for Indian startups to raise funds — simpler, faster, and more founder-friendly. No valuation stress, no debt, and flexible terms.

If you’re building something big and want to raise capital without giving up control, iSAFE could be your go-to funding option!

Need Expert Help? 🤝

At JJ Tax, we help startups with fundraising, ROC compliance, taxation & everything else to stay stress-free and compliant.

✨ What is ITR? An Income Tax Return (ITR) is the form you submit to declare your income and taxes to the Indian Income Tax Department. Choosing the right form depends on your income type and category. Let’s simplify it.

✅ ITR-1 (SAHAJ) For salaried individuals with simple income.

Income from salary/pension, one house property, and other sources (interest, dividends).

Agricultural income up to ₹5,000. ❌ Cannot be used if income > ₹50 lakh, has capital gains, multiple properties, foreign assets, or business income.

✅ ITR-2 For individuals & HUFs with more complex income.

Income from salary, house property, capital gains, foreign income.

Agricultural income over ₹5,000. ✔ No ₹50 lakh limit, but no business/professional income allowed.

✅ ITR-3 For those running a business or profession.

Business income (books maintained).

Partners in firms, professionals, etc. ✔ Can include house property, salary, and other sources too.

✅ ITR-4 (SUGAM) For small businesses & professionals opting presumptive taxation.

Business (sec 44AD/44AE) or professional (sec 44ADA) income.

Income from salary, 1 house property, other sources (all up to ₹50 lakh). ❌ Cannot be used if income > ₹50 lakh, foreign assets, company director, or multiple properties.

✅ ITR-5 For:

Firms (not ITR-4), LLPs, AOPs, BOIs, estates, business trusts, investment funds.

✅ ITR-6 For companies (except those claiming exemption under sec 11). 🖥 Must be filed online.

✅ ITR-7 For trusts, political parties, universities, funds, and other specified entities filing under sections 139(4A) to 139(4F).

💡 Pro Tip: Filing wrong form = delay + notices + penalty. Choose right, file smart!

✨ Make It Easy With JJ Tax App! From individuals to businesses, our CA experts + app combo makes filing super smooth. ✅ Personalized help ✅ Quick & accurate filing ✅ All forms supported

Download the JJ Tax App today and file your ITR stress-free! 🚀

Visit www.jjfintax.com to know more.

Dreading the July 31st deadline? Don’t stress — filing your Income Tax Return (ITR) can be simple with the right tips. Here’s how you can breeze through tax season and make the most of your income.

✅ Calculate All Your Income Right Don’t miss out on:

Savings & FD interest

Capital gains & losses (use losses to cut taxes!)

Dividends, rent, and even foreign income

Everything counts — report it accurately!

✅ Claim Every Deduction & Exemption Reduce your tax bill with smart claims:

80C: Investments in ELSS, PPF, NPS (up to ₹1.5 lakh)

80D: Health insurance premiums

80G: Donations to charities

80TTA/80TTB: Savings interest up to ₹10,000

Don’t leave money on the table!

✅ Match Your Records with 26AS & AIS Check your Form 26AS (TDS, big transactions) and AIS (interest, dividends, mutual funds) before filing. Make sure everything matches — no surprises later!

✅ Choose the Right ITR Form Pick the form that suits you:

ITR 1: Salary + 1 house + income up to ₹50L

ITR 2: No business income

ITR 3: Business/Professional income

ITR 4: Presumptive scheme filers

Using the wrong form = rejected return!

✅ Keep Docs & Bank Details Ready Have these handy:

PAN, Aadhaar

Form 16, 26AS, AIS

TDS slips, investment proofs ✔️ Also, pre-validate your bank for smooth tax refunds!

✅ Verify Your ITR Filed it? Great! Now verify within 30 days:

Online (Aadhaar OTP = super quick!)

Offline (send signed ITR-V form to CPC, Bengaluru)

✨ File Easy Taxes with JJ Tax! Why struggle? Use the JJ Tax App for:

Expert help

Easy filing from your phone

Safe doc storage

Download from App Store or Google Play and file stress-free!

💡 Pro Tip: Filing early = no last-minute panic + faster refunds! Let’s make tax season a smooth ride this year. 🚀

Visit www.jjfintax.com to know more.

Changing jobs is exciting — better pay, new opportunities, fresh challenges. But beware: a mid-financial year job switch can also bring unexpected tax troubles if not handled smartly. Here’s your guide to proactive tax planning in India when changing jobs

Why Job Changes Can Trigger Tax Surprises: In India, both your old and new employers deduct TDS separately, often leading to:

Underpayment (hello, tax notice!)

Overpayment (goodbye, hard-earned money until refund)

Salary hikes, joining bonuses, and severance pay can even push you into a higher tax slab 😳. So, tax planning becomes a must, not a maybe.

✅ Step 1: Track Your Total Taxable Income Your combined salary may nudge you into a higher bracket. Reassess and increase investments in:

Section 80C: PPF, ELSS, EPF, LIC (up to ₹1.5 lakh)

Section 80D: Health insurance premiums

NPS (Section 80CCD 1B): Extra ₹50,000 deduction

✅ Step 2: Avoid Double Deductions New employer assumes you’ve claimed zero exemptions—this causes miscalculations. Solution? 👉 Submit Form 12B from your previous employer. It includes:

Total salary

TDS already deducted

Claimed deductions

✅ Step 3: Declare Bonuses & Severance Pay Joining bonus? Relocation allowance? Severance pay? All taxable! Don’t ignore them—they can silently push your income into the next slab. Plan your investments to balance the impact.

✅ Step 4: Manage PF & Gratuity Smartly

EPF Transfer → No tax headache

EPF Withdrawal (before 5 years) → Taxable + 10% TDS if over ₹50,000 Tip: Always transfer via UAN portal to keep earning tax-free interest 💸

Gratuity → Tax-free up to ₹20 lakh (lifetime). If nearing the limit? Negotiate payouts across years to minimize tax hit.

Our Take 💬 New job = new paycheck = new tax math. Don’t risk higher tax, missed deductions, or double taxation.

Missed filing your ITR? Don’t stress! You can still fix it and save yourself from penalties and missed refunds. This step-by-step guide will simplify Belated Return Filing for you. ✅

Why Should You File Your Previous Years’ ITRs?

✔ Avoid penalties & interest on late tax payments ✔ Claim refunds if extra TDS was deducted ✔ Get smooth loan approvals (banks love ITR proofs!) ✔ Stay legally compliant and stress-free

📄 Documents You’ll Need

PAN Card

Aadhaar Card

Form 16/16A

Bank Statements

Investment Proofs

Home Loan Statements

Form 26AS

Other Income Proofs

🔎 Step-by-Step Guide to File Back ITRs

Step 1: Know Your Deadlines You can file late returns within 1 year from the end of the assessment year. (Ex: For FY 2023-24 → Deadline is 31 Dec 2025)

Step 2: Gather Your Income Docs Collect salary slips, Form 16, bank & portfolio statements. Sort them year-wise!

Step 3: Calculate Tax Liability Check total income ➡ deduct eligible deductions (80C, 80D, 80G) ➡ apply slab rates.

Step 4: Don’t Miss Deductions Double-check all possible deductions and rebates to reduce tax.

Step 5: Pay Tax + Interest Pay any pending tax along with interest (under sections 234A, 234B, 234C). Then file.

Step 6: File Online Login at Income Tax Portal ➡ choose correct form ➡ fill and submit!

Step 7: Verify Your ITR Complete e-verification within 120 days — via Aadhaar OTP, bank EVC, or Demat.

💡 Our Tip:

Filing back ITRs is easier than it looks — and totally worth it! Timely filing = less stress + smoother loans + peace of mind. ✅

Need Help? Download the JJ Tax App and chat with JIA, our expert-powered bot, for personalized tax guidance!

Visit www.jjfintax.com to know more.