Garg's Income Tax Ready Reckoner AY 2026-27 | Based on Income Tax Act, 1961 & New Income Tax Act, 2025 | Rates, Tables, Illustrations & Case Laws for Income Tax

Garg's Income Tax Ready Reckoner (AY 2026-27) is a comprehensive and practical guide designed to simplify income tax law for the assessment year 2026-27. Now in its 63rd edition, this authoritative work integrates provisions of the Income-tax Act, 1961 with the evolving framework under the New Income Tax Act, 2025. It incorporates amendments introduced by the Finance Bill, 2026 (as passed by the Lok Sabha), offering updated tax rates, structured tables, and clear explanations to aid accurate tax computation and compliance. The book serves as a reliable reference for professionals and taxpayers seeking clarity on both old and new tax regimes.

Key Features:

• Incorporates amendments from the Finance Bill, 2026 within relevant chapters
• Detailed commentary and highlights on the New Income Tax Act, 2025 (Part C)
• Comparative analysis of Old Tax Regime vs New Tax Regime for informed decision-making
• Updated income tax rates and other applicable tax rates for AY 2026-27
• Comprehensive tabular presentation of deductions, exemptions, and rebates
• Step-by-step guidance on income computation under various heads of income
• Coverage of tax-saving instruments and investment schemes
• Detailed explanation of TDS/TCS provisions and compliance requirements
• Inclusion of relevant case laws, circulars, notifications, and rules
• Ready referencer with NSC and KVP tables for quick calculations
• Mapping of sections between the Income-tax Act, 1961 and the New Income Tax Act, 2025

This book is ideal for tax professionals, chartered accountants, advocates, finance practitioners, and taxpayers seeking a clear and updated understanding of income tax provisions and compliance.

PART - A
Tax Rates
Budget at a Glance
Investment Schemes
Residential Status
Exemptions
Deductions
Income of Trusts
Return to Income
Assessment Procedure
Penalties
Tax on Agri. Income
House Property
Business Profession
Income Computation & Disclosure Standards (ICDS)
Capital Gains
Cost Inflation Index Table
Other Sources
Salaries
IT Tables
Partnership Firms
Remuneration to Partner Specified u/s 40(b)
Co-operatives
Companies
Shipping Companies
Securities Transaction Tax
Commodity Transaction Tax
Search and Seizure

PART-B
Rates of Last 8 Years
Set off and Carry Forward of Losses
TDS/TCS
Tax Rates Under Double Taxation Avoidance Agreement
Depreciation
Referencer
Rates of Gold & Silver

PART - C
Chapters as per new income tax act 2025 in details