Zero Tax on Income? Know How Section 87A Rebate Works in Old and New Tax Regimes

by Jobuza Team | Jun 30, 2026 | BLOG, Trending News

Filing your Income Tax Return (ITR) for FY 2025-26 requires proper understanding of the applicable tax slabs and benefits available under both the old and new income tax regimes.

Many salaried taxpayers often wonder whether they can legally pay zero income tax on their earnings. The answer depends on the tax regime selected, total taxable income, deductions claimed, and eligibility for tax rebates.

One of the most important benefits available to eligible taxpayers is the Section 87A rebate under the Income Tax Act, which can significantly reduce or eliminate tax liability.

What Is Section 87A Tax Rebate?

Section 87A rebate is a tax benefit provided to resident individual taxpayers whose total income falls within the specified limit.

Under this rebate, taxpayers can reduce their final tax liability after calculating tax as per applicable income tax slabs.

The process works as follows:

1. Tax is calculated according to the applicable income tax rates.
2. The eligible Section 87A rebate amount is deducted from the calculated tax.
3. The remaining tax liability becomes zero if the rebate covers the entire tax amount.

Zero Tax Benefit Under New Income Tax Regime

Under the new income tax regime, individuals with total income up to ₹12 lakh can claim a rebate of up to ₹60,000 under Section 87A.

This means eligible taxpayers with income up to ₹12 lakh may have no tax liability after applying the rebate.

However, taxpayers should note that the basic exemption limit and zero-tax limit are different concepts.

For example, even if the basic exemption limit is lower, taxpayers may still pay zero tax due to the Section 87A rebate benefit.

Section 87A Rebate Under Old Tax Regime

Taxpayers opting for the old income tax regime can also claim Section 87A benefits.

Under the old regime:

• Individuals with taxable income up to ₹5 lakh can claim a rebate of up to ₹12,500.
• This benefit can reduce the final tax liability to zero for eligible taxpayers.

Taxpayers can choose between the old and new tax regimes depending on their income structure, deductions, and financial planning.

Marginal Relief Under New Tax Regime

Apart from the Section 87A rebate, the new tax regime also provides marginal relief for taxpayers whose income slightly exceeds ₹12 lakh.

This provision ensures that taxpayers do not face a sudden increase in tax liability just because their income crosses the rebate limit.

According to tax experts, marginal relief applies when taxable income exceeds ₹12 lakh but remains within the specified limit.

Under marginal relief, the additional tax payable is restricted to the amount by which income exceeds the ₹12 lakh threshold.

Section 87A Rebate Explained With Examples

The benefit of Section 87A can be understood through different income scenarios:

The final tax calculation depends on deductions, exemptions, income sources, and applicable tax rules.

Important Points About Section 87A Rebate

Taxpayers should keep the following points in mind:

• Under the new tax regime, Section 87A rebate is not available on income taxed at special rates, such as certain capital gains or lottery winnings.
• Under the old tax regime, rebate benefits are available against normal tax liability but may not apply to certain long-term capital gains covered under Section 112A.
• Only resident individual taxpayers can claim the Section 87A rebate.
• Taxpayers must calculate their total taxable income correctly before claiming the benefit.

Section 87A Changes From FY 2026-27

Section 87A of the Income Tax Act, 1961 will be replaced by Section 156 of the Income Tax Act, 2025 from 1 April 2026.

The new provision will apply from Financial Year 2026-27 and taxpayers should check updated tax rules while filing future income tax returns.

Final Takeaway

Section 87A rebate is an important tax-saving benefit for eligible taxpayers. By understanding the rules of both old and new tax regimes, taxpayers can choose the right option and reduce their tax burden legally.

Before filing ITR for FY 2025-26, taxpayers should carefully check their income, deductions, and rebate eligibility to ensure accurate tax calculation.

House Rent Rules 2026: 7 Important Changes Every Tenant in India Should Know

by Jobuza Team | Jun 30, 2026 | BLOG, Trending News

The rental housing market in India is growing rapidly, and with changing laws and digital processes, tenants need to stay updated before renting a property in 2026.

However, there is no single set of new rent rules that applies uniformly across the entire country. Since tenancy laws come under state jurisdiction, rules can vary from one state to another.

The Model Tenancy Act (MTA), 2021 provides a framework for rental agreements and tenant-landlord relationships, but states have the option to adopt or modify these guidelines according to their requirements.

Before signing a rental agreement in 2026, tenants should understand the important rules and responsibilities applicable in their state.

1. Written Rental Agreement Is Now More Important Than Ever

The practice of renting a house based only on verbal promises is gradually disappearing across India.

Property experts recommend having a detailed written rental agreement that clearly mentions all important terms, including:

• Monthly rent amount
• Security deposit details
• Lock-in period
• Maintenance responsibilities
• Notice period
• Rent increase terms
• Renewal conditions

A properly drafted rental agreement helps avoid misunderstandings and protects the rights of both tenants and landlords.

2. Digital Registration of Rental Agreements Is Increasing

One major change in the rental sector in 2026 is the growing use of digital registration systems.

Several states are moving towards online platforms where rental agreements can be submitted and registered digitally with authorities.

However, tenants should remember that digital registration is not yet a mandatory nationwide rule. Requirements may differ depending on state laws and local regulations.

Before renting a property, tenants should check the registration process applicable in their city or state.

3. Security Deposit Rules for Tenants

Security deposit has always been one of the biggest concerns for tenants.

Under the Model Tenancy Act, a limit of up to two months’ rent for residential properties has been suggested as the security deposit amount.

However, this rule is not automatically applicable across all parts of India. In many cities with high rental demand, landlords may still ask for higher deposits if allowed under local practices or state regulations.

Tenants should check the applicable rules before making any payment.

4. Rent Increase Terms Must Be Clearly Mentioned

Tenants should avoid agreements where landlords say, “We will decide the rent later.”

Every rental agreement should clearly mention:

• When the rent can be increased
• How frequently rent can be revised
• The formula or percentage for rent hikes

Having clear rent revision terms helps prevent future disputes between tenants and landlords.

5. Maintenance Responsibilities Should Be Clearly Defined

Maintenance-related issues are among the most common reasons for landlord-tenant disputes.

Before signing the rental agreement, both parties should clearly decide who will handle different types of repairs.

Generally:

• Major structural repairs are handled by landlords.
• Daily maintenance and minor repairs are usually the tenant’s responsibility.

Clearly defining these responsibilities in advance can help avoid conflicts during the tenancy period.

6. Landlords Cannot Remove Tenants Without Legal Process

Social media often spreads misinformation that landlords can immediately remove tenants after a lease expires or during a dispute.

However, landlords generally need to follow proper legal procedures and notice requirements before asking tenants to vacate.

At the same time, tenants should also follow the agreed lease terms. Staying in a property beyond the agreed rental period may lead to penalties or legal action depending on applicable state rules.

Following proper notice periods protects the interests of both tenants and property owners.

7. Tenant and Landlord Verification Is Important

Identity verification and documentation have become an important part of the rental process.

Depending on state rules, tenants and landlords may need to complete formalities such as:

• Police verification
• Identity proof submission
• Aadhaar or PAN details
• Required rental forms

Completing these verification processes helps maintain transparency and reduces the chances of future legal issues.

Things Tenants Should Check Before Renting a House in 2026

Before finalising a rental property, tenants should:

• Read the rental agreement carefully.
• Understand all charges and responsibilities.
• Check security deposit conditions.
• Confirm maintenance rules.
• Verify landlord details.
• Follow state-specific tenancy regulations.

With changing rental practices and increasing digital processes, staying informed about house rent rules in 2026 can help tenants avoid disputes and ensure a smoother renting experience.

EPFO Members Alert: Know Your PF Account Balance in Simple Steps

by Jobuza Team | Jun 30, 2026 | BLOG, Trending News

The Employees’ Provident Fund Organisation (EPFO) manages India’s provident fund and pension schemes, helping millions of salaried employees save for their retirement. Under the EPF scheme, both employees and employers contribute a fixed amount every month, and the accumulated amount is provided to employees after retirement or as per applicable withdrawal rules.

Employees can easily check their EPF account balance, contribution details, and claim status through multiple methods, including the EPFO website, UMANG app, and SMS service.

What is EPF and Who Can Open an EPF Account?

The EPF scheme is available for eligible salaried employees. Employees with a basic salary and dearness allowance (DA) of up to ₹15,000 per month are generally covered under the mandatory EPF scheme.

Employees whose basic salary and DA exceed ₹15,000 can also choose the Voluntary Provident Fund (VPF) option to increase their retirement savings.

Currently, EPF and VPF contributions provide an interest rate of 8.25%, helping employees grow their retirement corpus over time.

EPF Tax Benefits for Employees

EPF also provides tax benefits under certain conditions.

Under the old tax regime, employee contributions of up to ₹1.5 lakh per financial year are eligible for deduction under Section 80C of the Income Tax Act.

Employer contributions up to 12% of salary (within the applicable limit) are eligible for tax benefits under both old and new tax regimes.

The interest earned on employee contributions is also tax-free up to the specified limit of ₹2.5 lakh per year. These benefits make EPF one of the most popular retirement savings options among salaried employees.

How to Check EPF Balance Online

EPFO members can check their provident fund balance and other account details through different methods. Users can access their EPF information using the official EPFO portal, UMANG application, or SMS facility.

Check EPF Balance Through SMS

EPFO members can check their PF balance instantly through SMS.

To check your balance, send:

EPFOHO UAN

from your registered mobile number to:

7738299899

After sending the SMS, you will receive your latest PF contribution details and available balance information.

The SMS service is available in multiple languages, including English, Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Punjabi, Tamil, and Telugu.

Check EPF Balance Through UMANG App

The UMANG app allows users to access various government services, including EPFO services.

Follow these steps:

1. Download the UMANG app from Google Play Store or Apple App Store.
2. Log in using your registered mobile number.
3. Search for EPFO services.
4. Select the Employee Centric Services option.
5. Choose the required service and enter your UAN details.
6. Verify your account using OTP.
7. After successful login, you can view your EPF account details and claim-related information.

Check EPF Balance Through EPFO Website

Employees can also check their PF details through the official EPFO website.

Steps to check EPF details:

1. Visit the official EPFO portal.
2. Click on the Services section.
3. Select For Employees from the available options.
4. Choose the option related to PF account services.
5. Enter your UAN, password, and captcha details.
6. After login, you can view your PF balance, contribution history, and other account details.

EPFO’s New E-PRAAPTI Portal: What Members Need to Know

EPFO is also planning to introduce a new digital platform called E-PRAAPTI to help members recover details related to old and inactive EPF accounts.

The portal aims to simplify the process of accessing accounts that have become inactive or where members may have difficulty locating their previous EPF details.

E-PRAAPTI stands for Employee Provident Fund Aadhaar-Based Access Portal for Tracking Inoperative Accounts.

The platform is expected to reduce paperwork, improve transparency, and make it easier for EPF members to track and recover funds from old accounts.

In the initial phase, the portal will work through member ID-based access. Later, EPFO plans to expand its features to help members who may not remember their old account details.

How E-PRAAPTI Portal Will Help EPF Members

The new portal can provide several benefits to EPFO members, including:

• Easier access to old and inactive EPF accounts.
• Reduced paperwork and manual processes.
• Faster tracking of account-related information.
• Better transparency in EPF services.
• Improved access to retirement savings.

With these digital initiatives, EPFO aims to make provident fund services more convenient, secure, and accessible for employees across India.

Disclaimer: This article is for informational purposes only. EPF rules, interest rates, and tax benefits may change according to government notifications. Users should verify the latest information from official sources or consult financial experts before making any financial decisions.

RBI’s New Rules Bring Relief, Customers Won’t Have to Pay Unnecessary Charges

by Jobuza Team | Jun 30, 2026 | BLOG, Trending News

RBI’s New Rules: The Reserve Bank of India (RBI) regularly introduces new guidelines to ensure better safety, transparency, and convenience for bank customers. In a recent move, the central bank has directed banks to stop practices that may mislead customers or force unwanted products and services on them.

The RBI has made it clear that banks and their representatives must follow transparent practices while interacting with customers. Any bank found violating these rules may face strict action.

RBI Issues New Guidelines for Banks

The Reserve Bank of India has issued the “Reserve Bank of India (Commercial Banks) Second Amendment Directions, 2026” to improve customer protection and maintain transparency in banking services.

These new guidelines will apply to all commercial banks, including small finance banks, payment banks, regional rural banks, and local area banks.

The RBI guidelines will come into effect from January 1, 2027. Banks will get sufficient time to update their internal systems and ensure compliance with the new rules.

Key Changes Introduced by RBI for Banks

Under the new RBI guidelines, banks will have to follow several important rules to protect customers:

Banks must publish an updated list of all authorised Direct Selling Agents (DSAs) and Direct Marketing Agents (DMAs) on their official websites. Any changes in the list must be updated within seven days.

Bank employees, agents, and third-party representatives must have proper identification so customers can easily understand who they are dealing with.

Banks will need to take a written commitment from DSAs and DMAs confirming that they and their sub-agents will follow the bank’s Code of Conduct.

The Code of Conduct must also be displayed clearly on the bank’s website so customers can access and understand their rights.

Agents or representatives can contact customers only between 9 AM and 7 PM. They cannot approach customers at their home or workplace without permission.

Third-party representatives cannot pretend to be bank employees or make false promises on behalf of the bank.

Why Did RBI Introduce These Rules?

The RBI took this step after observing several cases where customers were offered products or services without proper information or consent.

Many times, customers visit banks for basic queries but are later encouraged to purchase additional products such as insurance policies, investment schemes, or other financial services without fully understanding the terms.

Similar issues have also been reported in digital banking services, where unclear information or misleading options may result in customers signing up for unwanted products.

Through these new guidelines, the RBI aims to increase transparency and ensure that customers have complete control over their financial decisions.

How These RBI Rules Will Benefit Customers

The new RBI guidelines will help customers in several ways. They will be able to identify authorised bank representatives more easily and avoid falling victim to misleading offers.

Banks will also become more accountable for the actions of their agents and third-party representatives. This will reduce unwanted calls, false claims, and pressure-selling practices.

With stricter monitoring and clearer rules, customers can expect a safer and more transparent banking experience in the future.

Child Investment Plans 2026: Best Schemes to Secure Your Child’s Future, From PPF to SIP and SSY

by Jobuza Team | Jun 16, 2026 | BLOG, Trending News

Every parent wants to build a strong financial foundation for their child’s future. Whether it is higher education, studying abroad, marriage expenses, or other important goals, having a proper investment plan can help manage future financial requirements.

However, with rising inflation, simply saving money may not be enough. The cost of education and other major expenses increases significantly over time. For example, an education expense of ₹10 lakh today could increase to ₹25-30 lakh after 15-20 years.

This is why financial experts suggest starting investments early. Starting at a young age allows parents to benefit from the power of compounding and build a larger corpus over a long period.

Many parents often get confused while choosing the right investment option.

Should you choose PPF for safety?

Can SIP provide better long-term returns?

Is NPS Vatsalya suitable for children?

Is Sukanya Samriddhi Yojana the best option for daughters?

The answer depends on your financial goals, investment period, and risk-taking ability.

Best Investment Options for Your Child’s Future

There is no single investment scheme that suits every family. Some schemes provide guaranteed returns and safety, while others focus on higher growth through market-linked investments.

For parents looking for safe investment options, schemes like Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are popular choices.

For higher returns and long-term wealth creation, equity mutual fund SIPs and ELSS can be considered.

Let’s understand the top child investment schemes in detail.

1. Public Provident Fund (PPF): Best Option for Safe Long-Term Savings

The Public Provident Fund (PPF) has been one of the most trusted investment schemes among Indian families for decades.

It is a government-backed savings scheme that provides guaranteed returns with very low risk. PPF is suitable for parents who want a secure investment option for their child’s future.

Key Benefits of PPF

Why Choose PPF?

• Safe and reliable investment option
• Benefit of long-term compounding
• Suitable for education and future financial needs
• Government-supported scheme

PPF is ideal for parents who prefer stability over high returns.

2. Sukanya Samriddhi Yojana (SSY): Best Investment Plan for Daughter’s Future

For parents with a daughter, Sukanya Samriddhi Yojana is one of the most attractive government savings schemes.

The scheme is designed specifically for the financial security of a girl child and can help create a fund for higher education or marriage expenses.

Benefits of Sukanya Samriddhi Yojana

Why Invest in SSY?

• Higher interest rate compared to many traditional schemes
• Safe government-backed investment
• Helps create a dedicated fund for daughters
• Suitable for long-term financial planning

3. National Savings Certificate (NSC): Suitable for Medium-Term Goals

National Savings Certificate (NSC) is another safe investment option offered through post offices.

It is useful for parents who need funds for medium-term goals such as school expenses, coaching fees, or other financial requirements within five years.

Features of NSC

When Can NSC Be Useful?

If your child is currently 10-12 years old and you need money after a few years for education-related expenses, NSC can be a practical option.

4. Equity Mutual Fund SIP: For Higher Long-Term Growth

Systematic Investment Plan (SIP) in equity mutual funds is considered one of the best options for long-term wealth creation.

Unlike fixed-return schemes, SIP investments are linked to market performance. They carry higher risk but can provide better returns over long periods.

For example:

If a parent invests ₹10,000 every month through SIP for 18 years and earns an average return of 15% annually, the investment could potentially grow to around ₹1 crore.

However, market-linked returns are not guaranteed.

Benefits of SIP

• Higher growth potential
• Helps beat inflation in the long term
• Flexible investment amount
• Suitable for education and wealth creation goals

5. ELSS Mutual Fund: Investment With Tax Benefits

Equity Linked Savings Scheme (ELSS) is a tax-saving mutual fund option that provides equity market exposure.

It is suitable for parents who want investment growth along with tax benefits under Section 80C in the old tax regime.

Benefits of ELSS

• Short lock-in period of 3 years
• Equity-based growth opportunity
• Tax-saving option

However, returns depend on market performance.

6. NPS Vatsalya: Long-Term Investment for Children

NPS Vatsalya is a government-backed pension-style investment scheme designed specifically for children.

It allows parents or guardians to invest regularly and build a long-term financial corpus.

Benefits of NPS Vatsalya

• Long-term wealth creation
• Disciplined investment habit
• Benefit of compounding
• Suitable for 15-20 year investment periods

It can be considered by parents who want a structured long-term investment approach.

7. Sovereign Gold Bond (SGB): Gold Investment for Diversification

Sovereign Gold Bond is a government-backed way to invest in gold without purchasing physical gold.

It can be used as a diversification option in a child’s investment portfolio.

Advantages of SGB

• No need to store physical gold
• Additional interest benefit
• Protection against inflation
• Maturity benefits

However, gold should generally not be the only investment option for your child’s future.

8. Child ULIP: Investment Along With Insurance Cover

Child ULIP plans combine insurance protection with market-linked investment.

A part of the premium provides life insurance coverage, while the remaining amount is invested in equity or debt funds.

Benefits of Child ULIP

Advantages of Child ULIP

• Provides insurance protection
• Helps create long-term savings
• Offers fund switching options
• Future premiums may continue through waiver benefits in some plans

Disadvantages of Child ULIP

• Different charges may apply
• Returns are not guaranteed
• Lower liquidity due to lock-in period

Comparison of Best Child Investment Plans

Which Child Investment Plan Should Parents Choose?

The right investment option depends on your financial goals.

For parents who want complete safety:

PPF, SSY, and NSC are suitable choices.

For parents looking for higher wealth creation:

SIP and ELSS can provide better growth potential over the long term.

For parents wanting a combination of insurance and investment:

Child ULIP can be considered after understanding charges and benefits.

A balanced approach of combining safe investments with growth-oriented options can help build a stronger financial future.

Final Words

Planning for your child’s future requires starting early and investing consistently. The biggest advantage parents have is time, as long-term investments benefit from compounding.

Whether you invest ₹500 per month or ₹5,000 per month, starting early can make a significant difference.

Schemes like PPF, Sukanya Samriddhi Yojana, SIP, ELSS, NPS Vatsalya, and other investment options serve different purposes. The best choice depends on your child’s goals, investment duration, and your risk preference.