❓ Income Tax — Questions & Answers

How to transfer your PF to a new account — and why it beats withdrawing

When you change jobs, transfer your EPF to the new account online through the EPFO member portal — don't withdraw. Transferring keeps your 5-year cont...

PF advance withdrawal — reasons, TDS, and why claims get rejected

A PF advance (Form 31) is a partial withdrawal for a specific approved reason — house, medical, marriage, education — each with its own service/eligib...

Presumptive tax for professionals — Section 44ADA (CAs, doctors, consultants)

An eligible professional — including accountancy / tax / GST practice — with gross receipts up to ₹75 lakh can declare 50% of receipts as income under...

PF withdrawal — process, date of exit, timelines and the pension portion

To withdraw your EPF you need your date of exit updated, then file the claim online (Form 19 for PF, Form 10C for pension). Settlement usually takes 1...

PF & pension (EPS) after 10 years of service — how withdrawal works

Once you cross 10 years of pensionable service, you cannot take the EPS (pension) as a lump sum — you become entitled to a monthly pension from age 58...

Can I switch between the old and new tax regime each year?

If you have only salary/non-business income, you can pick the old or new regime afresh every year when you file — even if your Form 16 used the other...

My Form 16 shows a higher salary than my AIS and 26AS — which is right?

It's normal for Form 16 (Part B) to show a higher gross salary than AIS/26AS — those statements report the figure on which TDS was deducted/reported,...

Can I file my ITR without Form 16?

Yes — you can file without Form 16. It's only a TDS certificate, not a pre-condition. Reconstruct your salary from pay slips, take your TDS credit fro...

Revised returns and how a TDS refund works

Yes — you can revise your ITR any number of times before 31 December of the assessment year (Section 139(5)). And filing your return is exactly how ex...

PF withdrawal — KYC documents (bank proof, cancelled cheque, PAN, Aadhaar)

To withdraw EPF online you need a bank account in your own name (KYC-verified against your UAN), a cancelled cheque or passbook showing your name, acc...