What Happens If You File GST Returns Late?
The GST portal automatically calculates daily penalty fees until taxpayers clear pending return forms. Business owners must clear all outstanding tax dues and late charges using cash payments before submitting fresh monthly returns.
Can Salaried Employees Save More Tax in FY 2026–27?
Salaried employees save tax in FY 2026–27 by picking between the old and new tax regimes based on their actual deductions. The new regime offers lower tax slab rates and a higher standard deduction, while the old regime allows housing rent allowance, home loan interest, and section 80C deductions.