Taxmann’s Direct Taxes Ready Reckoner, 49th Edition, 2025

This book has remained the definitive guide to India’s Income-tax Act for over four decades, offering unparalleled clarity and in-depth coverage. It simplifies tax provisions through practical illustrations, break-even tables for Old vs. New Tax Regimes, and extensive coverage of deductions and exemptions. The book guides faceless assessments, TDS/TCS rates, and key compliance procedures. Its user-friendly layout—complete with quick-reference charts, section-wise commentary, and detailed annexures—makes it helpful for tax professionals, corporate executives, students, and individual taxpayers.

Direct Taxes Ready Reckoner has been a trusted companion for tax professionals across India for more than forty years, providing unparalleled clarity and comprehensive coverage of the Income-tax Act. This ready reckoner is designed to simplify complex tax provisions, providing practical illustrations, break-even tables, hints for tax planning, and a detailed analysis of the New Tax Regime. It also guides the procedures and compliance requirements under the Faceless Tax Proceedings framework.

This book is intended for the following audience:

• Tax Professionals & Practitioners – Chartered accountants, lawyers, and tax consultants who need quick reference material for day-to-day tax advisory and compliance
• Corporate & Finance Executives – CFOs, finance managers, and corporate tax teams seeking clarity on tax rates, deductions, exemptions, and compliance timelines
• Students & Academics – CA, CS, CMA, MBA (Finance), and law students who require an in-depth understanding of direct tax provisions
• Entrepreneurs & Individuals – Start-ups, MSMEs, and individuals looking for precise guidance on tax planning strategies and compliance obligations

The Present Publication is the 49th Edition, updated to incorporate the latest legislative changes by the Finance Act 2025. Applicable for Assessment Years 2025-26 and 2026-27, this Edition is authored by Dr Vinod K. Singhania, whose expert analysis has established this book as a cornerstone in direct taxation in India.