GST Collection Update – February
Gross GST Revenue
• Total Gross Collection: ₹1,83,609 Cr
• Growth: ↑ 8.1% YoY
Year-to-Date (YTD)
• Gross Collection: ₹20,27,033 Cr
• Growth: ↑ 8.3% YoY
Net GST Revenue (After Refunds)
• Net Collection: ₹1,61,014 Cr
• Growth: ↑ 7.9% YoY
Refunds
• Total Refunds: ₹22,595 Cr
• Growth: ↑ 10.2% YoY
Moderate but steady tax growth trend continues.
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News, tips, guide on INSURANCE from Experts across India
- Tax-Free Income: If your income is up to Rs 12 lakh per year, you don't have to pay any income tax.
- Understanding Tax Slabs: Tax slabs (starting from Rs 4 lakh) apply only if your income exceeds Rs 12 lakh.
- Income Above Rs 12 Lakh: - If you earn even a rupee over Rs 12 lakh, the slab rates come into play.
- You start paying tax according to the slabs on the entire taxable income.
- Tax Rates: - 5% tax on income from Rs 4 lakh to Rs 8 lakh.
- 10% tax on income from Rs 8 lakh to Rs 12 lakh.
- 15% tax on income from Rs 12 lakh to Rs 16 lakh.
- Example: - If your taxable income is Rs 12.1 lakh, your tax liability would be Rs 61,500.
- Rebate Clarification: - The Rs 12 lakh rebate only applies if your income does not exceed this amount.
- If you have more than Rs 12 lakh, you pay the usual taxes as per the above slab rates.
#DontRetireRich
The government collects about ₹63,670 crore as STT.
That’s almost half of what retail investors lose every year in F&O.
If higher taxes actually stopped bad behaviour,
there would be no alcohol or cigarettes sold in India.
STT was originally introduced in 2004 as a trade-off —
*no LTCG tax on listed equities*.
Today, we have STT + LTCG + short-term tax — all together 🙂
The real problem isn’t tax or no tax.
The problem is confusing trading with investing.
Taxes don’t fix behaviour.
Education, asset allocation, and process do.
#DontRetireRich
🚨*How much tax you’ll pay this year under the new regime?*
New income tax regime keeps zero tax up to ₹12 lakh (effectively ₹12.75 lakh with deductions).
*Slabs for FY26:*
₹0 – 4 lakh → Nil
₹4 – 8 lakh → 5%
₹8 – 12 lakh → 10%
₹12 – 16 lakh → 15%
₹16 – 20 lakh → 20%
₹20 – 24 lakh → 25%
Above ₹24 lakh → 30%
Note- Senior citizen exemptions increased (higher tax‑free limits).
🚨 *Govt Increased STT on Future & Options*
• Future : 0.02% 0.05%
• Options : 0.10% To 0.15%
Another Big Blow To F&O Traders in India
Buying property in India as an NRI is not an emotional decision — it’s a due-diligence test.
Rental yield, title clarity, taxes, RERA, currency impact & management — miss one, and returns silently leak.
Homes don’t create wealth by default… discipline before purchase does.
Income Tax Rates for A.Y. 2026-27 for Individuals
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You can invest in PMS with just ₹10 lakhs… but only if you have a secret key:
Accredited Investor Status.
What is it? How do you get it? Why does it matter NOW?
👉 All revealed in this video: https://youtu.be/VqQH455XRzU
*India Population :- 146 Crore*
✅Total Aadhar ( net of cancelled) issued : 141 Cr
✅Total PAN issued : 80 Cr
✅Total PAN Aadhaar Linked : 52.69 Crore
✅Total Reg PAN in E filing : 11.93 Crore
✅No of ITRs filed : 7.30 Crore
✅ No of Zero Return File : 4.90 Cr
✅Filers who actually pay Tax : 2.40 Crore
🎯Less than 2 % of the population actually pays Income Tax
People don’t lack intelligence. They lack clarity. Here’s proof from a corporate session 👇
https://www.linkedin.com/posts/srikanth-matrubai_financial-wellness-session-corporate-india-activity-7406261530322702336-M3tP
What’s STILL Allowed in New Tax Regime (FY 2025–26) ✅
• Standard Deduction: ₹75,000 (salaried & pensioners)
• Employer’s NPS contribution: up to 14% of salary
• Family pension deduction: up to ₹25,000
• Employer benefits still tax-free:
– Gratuity (₹20L)
– Leave encashment (₹25L)
– VRS (₹5L)
• Home loan interest only on rented property (against rent)
• Capital gains exemptions (54 / 54EC / 54F) continue
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WEALTH WISDOM
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If you get gifts from family they are tax-exempt. But maintain proof or you'll get taxed anyway.
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*Your Next International Trip just got cheaper! ✈️*
Earlier: 5% -20% TCS on overseas tour packages
Now: TCS reduced to 2%
- Means lower upfront payment while booking trips
- Less money stuck, more cash in hand
- Big relief for middle-class travellers & families
🚨 *PART B: New Income-tax Act, 2025 replacing the old Income-tax Act, 1961 comes into force from 1 April 2026.*
*SNIPPET 1*
Title: New Income-tax Act from 2026
What the law says:
A completely new Income-tax Act, 2025 replaces the old Income-tax Act, 1961. It applies to the whole of India and comes into force from 1 April 2026.
What it means for you from 01-04-2026:
From financial year 2026-27 onwards, all taxpayers—
* salaried persons,
* business owners,
* professionals,
* senior citizens
* and investors—will be governed by this new law, not the 1961 Act.
The intention is simpler language, fewer sections, and easier compliance, not higher tax rates.
Example:
* Income earned during 1-4-2026 to 31-3-2027 will be taxed strictly as per the Income-tax Act, 2025, even though earlier years were governed by the 1961 Act.
*SNIPPET 2*
Title: Goodbye “Assessment Year”, Hello “Tax Year”
What the law says:
The confusing concepts of “Previous Year” and “Assessment Year” are removed.
A single term “Tax Year” is introduced, which normally means 12 months starting from 1 April.
What it means for you from 01-04-2026:
You no longer have to remember two different years for income and assessment.
Income is earned, taxed, and referred to in the same Tax Year, making understanding and filing returns easier.
Example:
Income earned from 1-4-2026 to 31-3-2027
➡️ Tax Year: 2026-27
➡️ Return filed for Tax Year 2026-27
(No separate “Assessment Year 2027-28” confusion anymore.)
*SNIPPET 3*
Title: Tax Year Can Be Shorter Too
What the law says:
In some cases, a Tax Year may be shorter than 12 months, such as when a new business starts or a new income source begins during the year.
What it means for you from 01-04-2026:
If you start a business, profession, or new income mid-year, tax will apply only from that start date, not for the full year.
Example:
A freelance consultant starts work on 1-10-2026
➡️ Tax Year: 1-10-2026 to 31-3-2027 (6 months only)
➡️ Income before 1-10-2026 is not taxed as business income.
If you are planning to sell your Gold or Silver funds
You MUST compulsorily read this
https://www.linkedin.com/posts/srikanth-matrubai_gold-silver-investors-dont-let-the-panic-share-7423594931262480384-IzjC?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM
Why old tax regime still works for some taxpayers
https://www.moneycontrol.com/news/business/personal-finance/why-old-tax-regime-still-works-for-some-taxpayers-13774315.html
HEALTH IS TRULY WEALTH
Stay healthy with these easy to follow Health tips
Best Telegram channel on HEALTH
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Not every family member is tax-friendly.
Only defined relatives get the exemption privilege.
Tax-free gifts (any amount):
Parents • Spouse • Children • Siblings • Grandparents • In-laws
👉 No limit. No tax. Period.
Big myth people fall for:
❌ *“Cousin is also family”* — Wrong. Fully taxable.
❌ *“Only amount above ₹50,000 is taxed”* — Wrong. Entire amount taxed.
Non-relatives:
👉 If total gifts cross ₹50,000 in a year → 100% taxable.
Silent tax trap most people miss:
Gift may be tax-free…
⚠️ Income generated from that gift may not be.
(Especially between husband & wife — clubbing applies.)
One boring thing that saves you big trouble:
📄 Gift deed
🏦 Bank trail
#DontRetireRich
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Everyone thinks Direct Plans save money.
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What’s STILL Allowed in New Tax Regime (FY 2025–26) ✅
• Standard Deduction: ₹75,000 (salaried & pensioners)
• Employer’s NPS contribution: up to 14% of salary
• Family pension deduction: up to ₹25,000
• Employer benefits still tax-free:
– Gratuity (₹20L)
– Leave encashment (₹25L)
– VRS (₹5L)
• Home loan interest only on rented property (against rent)
• Capital gains exemptions (54 / 54EC / 54F) continue
KIND ATTENTION TAXPAYERS!
Did you receive a gentle reminder from the Income Tax Department?
It’s part of NUDGE 2.0, helping taxpayers correctly report foreign assets/income.
Kindly review your ITR → check Schedules FA & FSI → file revised return by 31 Dec 2025 (if required)
Don’t Delay. Check, Correct and Comply today!!
Question:
I am 60, retired, and under financial stress. My nephew sends me ₹60,000 every month to help with my expenses. I have no other income.
Do I have to pay tax on this money? Is this treated as my income?
✅ Answer (
In India, gift tax works on the person receiving the money, not the person giving it.
1️⃣ Gifts up to ₹50,000 a year → Fully tax-free
If all the gifts you receive in a year total ₹50,000 or less, you pay no tax.
2️⃣ But if gifts cross ₹50,000 → The entire amount becomes taxable
If you receive more than ₹50,000 in a year,
👉 the whole amount is treated as your income,
not just the amount above ₹50,000.
👨👩👧👦 Who are “relatives” for tax exemption?
Gifts from certain close relatives are always tax-free, no matter the amount.
These include:
Parents
Children
Siblings
Spouse
Uncle/Aunt (both maternal and paternal) giving to nephew/niece
But this exemption is one-way in some cases
If an uncle or aunt gives money to nephew/niece → Tax-free
If a nephew or niece gives money to uncle/aunt → Not tax-free
