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Showing posts with the label tax consultant Coimbatore

New vs Old Tax Regime 2025-26 — Which One Is Actually Saving You More Money?

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Every year, millions of Indians make the wrong choice between the New and Old Tax Regime — and overpay lakhs in income tax without realising it. At Wintrust Solutions, Coimbatore, we've helped hundreds of clients calculate their exact savings under both regimes. This guide will show you exactly which one works better for YOUR situation. First — What Changed in 2025-26? The Union Budget 2025 made the New Tax Regime even more attractive with a major announcement: Zero income tax on income up to ₹12 lakhs under the New Regime through a full rebate under Section 87A. This single change shifted the equation dramatically for millions of salaried employees and small business owners across India — including in Coimbatore. But does that mean everyone should switch to the New Regime? Absolutely not. The answer depends entirely on your income level, your investments, and your financial commitments. What Is the Old Tax Regime? The Old Tax Regime is the traditional income tax...

TDS in India — What It Is & How to Avoid Excess Deductions (2025-26 Guide)

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Every month, thousands of people in Coimbatore lose money they didn't have to. Not to fraud. Not to bad investments. But to excess TDS — Tax Deducted at Source — that they never claimed back. This complete guide from Wintrust Solutions will help you understand TDS fully and make sure you never overpay again. What Is TDS? (Simple Explanation) TDS stands for Tax Deducted at Source . It is a system introduced by the Government of India where tax is deducted directly from your income — before the money reaches your hands. Think of it this way: Your employer pays you ₹50,000 per month. But before crediting your account, they deduct ₹3,000 as TDS and deposit it with the Income Tax Department. You receive ₹47,000. That ₹3,000 is your TDS. The same applies to: Bank interest on Fixed Deposits Rent received above ₹50,000 per month Professional fees and contract payments Commission and brokerage income Home loan repayments (for the buyer) TDS is not a final tax. It is an ...