INCOME TAX · MYTHS AND TIPS
Common Income Tax Myths That Cost People Money
No TDS, no tax? A refund means a tax saving? Separate common assumptions from the checks that actually matter.
By Vyapar Setu Online | Myths and tips · 26 October 2026
Income Tax learning series · Myths and tips · Article 25 of 27
Tax mistakes often start with a confident sentence heard at work. Before acting on it, ask which year, income type and tax regime the advice assumes.
Year guide: Numerical limits, examples and familiar section numbers in this article refer to FY 2025–26 / AY 2026–27 under the Income-tax Act, 1961, unless stated otherwise. Income from 1 April 2026 belongs to Tax Year 2026–27 under the Income-tax Act, 2025, with corresponding provisions and numbering. Check the year before applying a rule. Official transition guidance.
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For learning and preparation. Verify the rules and official guidance for your period and circumstances before making a filing or tax decision.
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