by Jobuza Team | Apr 21, 2026 | BLOG, Trending News
The Income Tax Department of India has introduced updated Income Tax Return (ITR) forms for Assessment Year 2026–27, bringing several important changes for taxpayers. These forms will be used to report income earned during the financial year 2025–26, and the deadline for filing returns in non-audit cases remains July 31, 2026.
Among the various updates, the addition of a secondary address field is one of the most notable changes, affecting all taxpayers filing ITR forms from 1 to 7.
Understanding the Secondary Address Update
In earlier ITR forms, taxpayers were required to provide only one address along with contact details such as mobile numbers and email IDs. The new forms now introduce a separate field for a secondary address.
This means taxpayers will now have to provide both a primary and a secondary address while filing their returns. Similarly, contact details such as phone numbers and email IDs have also been categorized into primary and secondary fields.
This update aims to improve communication between taxpayers and the tax department by ensuring better accessibility and record accuracy.
Why This Change Matters
The inclusion of a secondary address is particularly useful for individuals who maintain more than one residence. For example, salaried employees working in one city while maintaining a permanent address in another will now be able to provide both details clearly.
It also helps the tax department maintain more accurate records and ensures that official communication reaches taxpayers without delays or confusion.
Changes in Representative Assessee Details
Another important update relates to cases where returns are filed by a representative assessee. Earlier, detailed information such as address and identification details were required.
In the revised forms, this requirement has been simplified. Now, only basic details need to be provided, including the name, email ID, and contact number of the representative assessee. This change reduces complexity and makes the filing process more streamlined.
Simplification of Capital Gains Reporting
The new ITR forms have also removed the requirement to separately report capital gains based on whether they were earned before or after July 23, 2024.
This bifurcation was introduced earlier due to changes in tax rules during that financial year. However, since no such mid-year changes apply for the financial year 2025–26, the need for separate reporting has been eliminated.
As a result, taxpayers can now report capital gains in a simpler and more straightforward manner.
What Taxpayers Should Do Before Filing
Before filing your ITR for Assessment Year 2026–27, it is important to review the updated form structure carefully. Make sure you have complete and accurate details for both your primary and secondary addresses, along with updated contact information.
You should also ensure that all financial records, including income statements, capital gains details, and supporting documents, are properly organized.
Final Overview
The introduction of a secondary address field in the new ITR forms reflects a move towards better data management and smoother communication between taxpayers and authorities. While the change may seem minor, it plays an important role in improving the overall filing process.
Understanding these updates in advance will help taxpayers avoid errors and ensure a hassle-free ITR filing experience for the current assessment year.
by Jobuza Team | Apr 20, 2026 | BLOG, Trending News
India’s upcoming labour reforms are set to bring a major shift in how employee salaries are structured. The new wage rules, introduced under the labour codes framework, aim to standardize the definition of “wages” and ensure better long-term financial security for employees.
According to the revised definition, wages must account for at least 50 percent of an employee’s total remuneration. This change directly impacts how companies design salary packages and how employees receive their take-home pay.
What Is Changing in the Salary Structure
Earlier, many companies structured salaries in a way that kept basic pay low while increasing allowances such as House Rent Allowance, bonuses, and other benefits. This helped employees receive higher take-home salaries while reducing contributions towards provident fund and gratuity.
Under the new rules, this practice will be restricted. If allowances exceed 50 percent of the total salary, the excess amount will be added back to wages. As a result, basic salary, dearness allowance, and retaining allowance will form a larger portion of the overall pay structure.
Impact on Take-Home Salary
One of the immediate effects of the new labour code could be a slight reduction in monthly take-home salary. Since provident fund contributions are calculated based on basic wages, an increase in the wage component will lead to higher PF deductions.
For employees who previously had a large portion of their salary as allowances, this change may be more noticeable. However, the reduction in take-home pay is generally expected to be moderate rather than drastic.
Long-Term Benefits for Employees
While the short-term impact may seem negative for some, the long-term benefits are significant. Higher contributions to provident fund mean greater savings for retirement. Additionally, gratuity payouts, which are also linked to basic wages, will increase substantially over time.
This shift encourages a more secure financial future by strengthening retirement benefits and ensuring better social security coverage.
Who Gains the Most
The impact of the new salary structure will not be the same for everyone. Early-career professionals are likely to benefit the most. Their salary structures are usually simpler and less optimized for tax-saving allowances, making the transition smoother.
Employees who already have a higher basic salary component may not see a major change. On the other hand, those with heavily allowance-based salary structures could experience a noticeable adjustment in their take-home income.
Industry experts, including leaders from TeamLease Services, suggest that the real advantage lies in improved long-term savings rather than immediate gains.
Sector-Wise Impact
Different industries may experience varying levels of impact. Sectors that traditionally rely on flexible pay structures may need to redesign compensation packages. Meanwhile, industries with standardized salary structures may see minimal disruption.
Employers will also need to adjust their payroll systems to align with the new compliance requirements.
Final Overview
The new labour code marks a significant step toward creating a more transparent and balanced salary structure. While some employees may notice a slight dip in their monthly income, the overall shift is designed to enhance long-term financial stability.
Understanding these changes before they are fully implemented can help employees plan better and make informed financial decisions.
by Jobuza Team | Apr 20, 2026 | BLOG, Trending News
With the Income Tax Department of India releasing the Income Tax Return (ITR) forms for Assessment Year 2026–27, the tax filing season has officially begun. The deadline for salaried individuals and most taxpayers is July 31, 2026. As many taxpayers wait for their Form 16, it is the right time to understand how capital gains tax can be reduced legally.
Capital gains arise when you earn a profit by selling assets such as property, shares, or gold. However, the Income Tax Act provides several provisions that allow you to reduce this tax burden significantly if you plan your investments carefully.
What Are Capital Gains and Why Planning Matters
Capital gains tax applies to profits earned from the sale of capital assets. These gains are categorized into short-term and long-term, depending on the holding period. Proper tax planning can help you save a substantial amount by using deductions and exemptions available under different sections of the Income Tax Act.
Key Sections That Help You Save Capital Gains Tax
Section 48: Deductions on Transfer and Cost
Under Section 48, taxpayers can reduce their capital gains by deducting expenses related to the transfer of the asset. This includes brokerage fees, commissions, and other charges incurred during the sale.
It also allows deduction of the cost of acquisition and improvement. The concept of indexation is applied here, which adjusts the purchase cost based on inflation, thereby reducing the taxable gain.
Section 54: Investment in Residential Property
If you sell a residential property and reinvest the capital gains into another house, you can claim exemption under Section 54. This benefit is available to individuals and Hindu Undivided Families, subject to certain conditions and timelines.
Section 54B: Reinvestment in Agricultural Land
When agricultural land is sold and the proceeds are used to purchase new agricultural land, taxpayers can claim exemption under this section. The new land can also be purchased in the name of eligible family members in certain cases.
Section 54D: Compulsory Acquisition Relief
If your property is acquired by the government and you receive compensation, you can reduce tax liability by reinvesting the amount in another property. This provision helps taxpayers who face forced acquisition of assets.
Section 54EC: Investment in Government Bonds
Taxpayers can save tax by investing capital gains in specified bonds issued by organizations like the National Highways Authority of India and the Rural Electrification Corporation. These bonds come with a lock-in period and provide a safe investment option while offering tax benefits.
Section 54EE: Investment in Notified Funds
This section allows exemption if capital gains are invested in government-notified funds within six months. The maximum exemption available under this section is ₹50 lakh.
Section 54F: Investment from Sale of Other Assets
If you sell any long-term asset other than a house, such as land or gold, and invest the entire sale proceeds into a residential property, you can claim exemption under Section 54F.
Section 54GB: Investment in Startups
Taxpayers can also claim exemption by investing the proceeds from the sale of residential property into eligible startups or new companies. The company must use these funds to purchase assets within a specified time.
How to Use These Deductions Effectively
To make the most of these provisions, taxpayers should plan their investments in advance. The timing of reinvestment, choice of asset, and compliance with conditions play a crucial role in claiming exemptions.
Maintaining proper documentation such as purchase receipts, improvement bills, and investment proofs is also essential while filing your return.
Final Overview
Capital gains tax can significantly impact your overall tax liability if not managed properly. However, with the right knowledge of available deductions and exemptions, you can legally reduce your tax burden and improve your financial planning.
Before filing your ITR for 2026, it is important to review these sections carefully and choose the options that best suit your financial goals.
by Jobuza Team | Apr 20, 2026 | BLOG, Trending News
Activating your Universal Account Number is essential for managing your Provident Fund account. It works much like enabling net banking for a bank account. Without activation, you cannot access your PF balance, check your passbook, or make withdrawal requests.
In a recent update, the Employees’ Provident Fund Organisation has effectively shifted the UAN activation process to the UMANG App. While the activation option may still appear on the EPFO Member Portal, clicking on it redirects users to the UMANG app, making it the primary platform for this process.
UAN Activation Not Functional on EPFO Website
Earlier, users could activate their UAN directly through the EPFO website. However, this is no longer the case. Although the option is visible on the portal, it does not initiate the process. Instead, users are guided to complete activation through the UMANG app.
This change is part of a broader effort to streamline services and encourage the use of a centralized government platform for multiple services.
Why Activating Your UAN Is Important
Activating your UAN is necessary to access and manage your PF account. Without activation, you cannot view your monthly PF contributions or check your passbook details.
An active UAN is also required when you want to withdraw funds after leaving a job. It plays a key role when transferring your PF balance from one employer to another.
Additionally, activation allows you to update important details such as your Aadhaar, PAN, and bank account information. Once activated, your mobile number is also registered with your PF account, improving security and communication.
Details Required for UAN Activation
To activate your UAN through the UMANG app, you need a few basic details. These include your UAN number, Aadhaar number, and a mobile number that is linked with your Aadhaar. Keeping these details ready will ensure a smooth process.
Step-by-Step Process to Activate UAN on UMANG App
Start by opening the UMANG app on your smartphone. After logging in, go to the EPFO services section available within the app.
Select the UAN Activation option and enter the required details, including your Aadhaar number, mobile number, and UAN. Once submitted, you will receive a one-time password on your registered mobile number.
Enter the OTP and follow the instructions displayed on the screen. After verification, your UAN will be successfully activated.
Conclusion
The shift of UAN activation to the UMANG app marks an important change in how EPFO services are accessed. Users should avoid relying on the website for activation and instead use the app for a faster and more reliable experience. Activating your UAN ensures complete access to your PF account and helps you manage your funds efficiently.
by Jobuza Team | Apr 17, 2026 | BLOG, Trending News
In today’s digital age, a smartphone is more than just a communication device. It stores your bank details, UPI apps, digital wallets, emails, personal photos, and sensitive information. Losing your phone or having it stolen can quickly turn into a financial and privacy risk if not handled immediately.
Cybersecurity experts emphasize that the first 15 minutes are crucial. Acting quickly can prevent fraud, while delays may lead to serious financial loss. Here is a clear and practical guide on what to do right away.
Block Your SIM Card Immediately
The first and most important step is to block your SIM card. Contact your mobile service provider such as Reliance Jio, Bharti Airtel, Vodafone Idea, or BSNL and inform them that your phone is lost or stolen.
Once your SIM is blocked, OTP-based verifications will stop, calls and messages will be disabled, and fraudsters will not be able to access your financial apps. This step alone can prevent major unauthorized transactions.
Secure Bank Accounts and Payment Apps
After blocking your SIM, immediately contact your bank and request a temporary block on mobile banking and UPI services. Also secure your linked debit and credit cards.
Reach out to payment platforms like PhonePe, Google Pay, and Paytm to suspend transactions.
Even if your phone had a password, acting quickly ensures that no unauthorized payments can take place.
Lock or Erase Your Phone Remotely
If your device is still connected to the internet, you can control it remotely. Android users can use Find My Device, while iPhone users can rely on Find My iPhone.
These tools allow you to lock your phone, display a message, track its location, or erase all data if recovery seems unlikely. Removing your data is the safest way to protect your privacy.
Change Passwords Immediately
Using another device, change passwords for your email, banking apps, social media, and shopping platforms. Your email account is especially important, as it can be used to reset other passwords.
Use strong and unique passwords, and enable two-factor authentication wherever possible. This step reduces the risk of hackers gaining access to multiple accounts.
File an FIR and Block IMEI
Reporting the incident to the police is essential. File an FIR or submit an online complaint to create an official record. You should also request to block your phone’s IMEI number.
Blocking the IMEI makes the device unusable on mobile networks and helps prevent misuse. It also supports insurance claims and increases the chances of tracking the device.
What to Do After the Immediate Steps
Once you have secured your accounts, get a duplicate SIM with the same number and reinstall apps only from trusted sources. Monitor your bank statements regularly and stay alert for any unusual activity over the next few weeks.
Conclusion
Losing a smartphone can be stressful, but quick action can make a big difference. By blocking your SIM, securing your financial accounts, locking your device, updating passwords, and reporting the loss, you can prevent major financial and data loss. Staying prepared and acting within the first 15 minutes is the key to protecting yourself in such situations.
by Jobuza Team | Apr 16, 2026 | BLOG, Trending News
Chakshu Portal: The Government of India has taken a major step to tackle rising digital fraud and spam calls by introducing the Chakshu service under the Department of Telecommunications. This initiative, part of the Sanchar Saathi platform, allows mobile users to report suspicious calls, messages, and even WhatsApp scams with ease.
Developed with support from the Ministry of Communications and the Ministry of Law and Justice, Chakshu aims to protect users from fraud, harassment, and financial scams by enabling quick reporting and action against offenders.
What is Chakshu and How It Works
Chakshu is a reporting facility available on the Sanchar Saathi portal that helps users flag fraudulent communications. Once a complaint is submitted, authorities analyze the information and can take strict action, including blocking numbers and blacklisting the fraudster’s device using its IMEI number.
This system ensures that repeat offenders are restricted from using telecom services, making it harder for them to continue fraudulent activities.
Types of Scams You Can Report
Chakshu is designed to report specific types of digital threats that are commonly used to target users.
One common scam is the so-called digital arrest, where callers pretend to be police or officials and threaten legal action. Another frequent fraud involves courier or KYC-related messages claiming that your bank account, SIM card, or electricity service will be disconnected unless immediate action is taken.
Prize scams are also widely reported, where users receive emails or messages claiming they have won money or rewards but are asked to pay fees or taxes to claim them.
Step-by-Step Process to Report Scam Calls
Filing a complaint through Chakshu is simple and can be done using a mobile phone or computer.
First, visit the official Sanchar Saathi website and navigate to the Chakshu section. Enter details of the suspicious call or message, including the category of fraud, date, and time. If available, you can also upload a screenshot or supporting evidence.
Once submitted, the complaint is reviewed by authorities. If the communication is found to be fraudulent, necessary action is taken, which may include blocking the number and permanently blacklisting the associated IMEI.
What Happens After You Report
After you file a report, the system initiates an investigation. Authorities verify the complaint and take action against the reported number or device. This can lead to the deactivation of the number and blocking of the device across telecom networks.
This proactive approach helps reduce the spread of fraud and protects other users from falling victim to similar scams.
What to Do If You Have Already Lost Money
It is important to understand that Chakshu is mainly for reporting suspicious activity before financial loss occurs. If you have already been a victim of fraud, you should immediately report the incident on the National Cyber Crime Reporting Portal.
You can also contact the cybercrime helpline by dialing 1930. Reporting quickly increases the chances of freezing the stolen amount and taking action against the fraudsters.
Importance of Digital Safety
With the rise in online fraud, staying alert and taking quick action is essential. Using official platforms like Chakshu helps authorities track and prevent scams effectively. Users should also remain cautious about unknown calls, messages, and suspicious links.
Conclusion
The Chakshu portal is a powerful tool introduced by the government to fight digital fraud and protect mobile users. By reporting scam calls and messages on time, users can not only safeguard themselves but also help prevent fraud on a larger scale. Staying informed and acting quickly is the key to ensuring digital safety in today’s connected world.
