Direct Taxation
Understanding the New Tax Regime for FY 2025-26
A breakdown of the revised slabs, the raised rebate threshold, and how to decide between the old and new regimes for your situation.
5 min readRead →India · Cross-border advisory
Clarity in numbers.Confidence in everydecision.
Audit, tax, GST, accounting and cross-border advisory for startups, SMEs and established businesses — for founders and promoters in India, and for businesses entering or expanding beyond it.
Our approach
Structured, reviewed, on schedule
How We Engage
1Diagnose — numbers & goals reviewed before filing begins
2Structure — the most efficient compliant path is mapped
3File — filings executed with precision, on schedule
4Review — a post-filing check closes the loop
CA RITIK KALRAICAI REGISTERED
Global Practice · Financial Intelligence
Financial clarity.Without borders.
One connected practice — books, compliance and advisory delivered with the same discipline wherever your business operates.
Explore the global deskInternational Business Desk
International accounting, tax and compliance.
For overseas businesses entering India and Indian businesses expanding abroad. Select a market to see what to plan for and how we support it.
- 4 markets
- India market entry
- Cross-border advisory
- Partner CPA firms · contract basis
Drag to rotate · Click a market to select
India selected. Entering or operating in India.
IN
India
Entering or operating in India
What businesses need to know
Support for overseas businesses establishing a presence in India, and for Indian businesses managing tax, GST, audit and corporate compliance at home.
Points to plan for
- Choice of entity and registration route for the Indian presence
- Direct tax, GST and other registrations that apply to the business activity
- Foreign exchange (FEMA) treatment of investment inflows and cross-border payments
- Statutory audit and corporate filings where the entity is required to have them
- Transfer pricing and related-party documentation where group transactions cross borders
How Ritik Kalra & Associates supports this
- Company / LLP incorporation & registrations
- Direct tax & GST compliance
- Statutory & tax audit
- FEMA advisory & 15CA / 15CB certification
- Accounting & financial reporting
- Virtual CFO & business advisory
A general overview, not advice. Requirements depend on the entity, sector and facts, and local filings may need locally licensed professionals — speak to us about your specific situation.
Before → After DelegationDelegate the back office.
Delegate the back office.
Focus on the business.
Scroll through the panel below on desktop, or drag it on mobile — watch the back office move from scattered and manual to centralized and clear.
210 unread emails
6 disconnected spreadsheets
Manual reconciliations
Compliance deadline in 3 days
Month-end delayed 3 weeks
Scattered source documents
Centralized financial records
Timely, management-ready reports
Compliance tracked, deadlines met
More time for the business itself
Scroll to move from chaos to control ↓
210 unread emails
6 disconnected spreadsheets
Manual reconciliations
Compliance deadline in 3 days
Month-end delayed 3 weeks
Scattered source documents
Centralized financial records
Timely, management-ready reports
Compliance tracked, deadlines met
More time for the business itself
Chaos Control
CA Ritik KalraFounder · Prop. Ritik Kalra & Associates
About / The Practice
A founder-led practice, built on precision.
Ritik Kalra & Associates is led directly by CA Ritik Kalra — every engagement, from a first ITR filing to a complex NRI repatriation, is guided by the same standard of scrutiny the firm was built on.
Alongside the domestic practice, Ritik works in partnership, on a contract basis, with CPA firms in each of the four markets the firm serves — India, Canada, the United States and Australia. It is a vantage point that brings genuine international accounting exposure into every engagement: cross-border structuring, foreign reporting standards, and the practical realities of managing finances under more than one regulatory system at once.
The practice is deliberately hands-on: fewer clients handled with more attention, rather than filings processed at scale. Compliance is the baseline; the work is making sure every number on the page supports a decision you can act on.
- Chartered Accountant, ICAI
- Founder & Principal Consultant
- Works in partnership with CPA firms in our four markets, on a contract basis
- International & Cross-Border Accounting Experience
- Direct Tax, GST & Audit practice
- Serving businesses in India and NRI clients globally
01 / Practice Capabilities
Audit, tax and advisory for growing businesses
For startups, SMEs and established businesses — and for founders, promoters and investors operating in India or across borders.
Audit & Assurance
Statutory, tax and internal audits conducted to the standard your lenders, investors and board expect. Findings are delivered with a practical remediation plan, not just a signed report, so observations become fixed processes rather than repeat findings the following year.
Discuss your requirements0+Years in Practice
0Service Disciplines
0Markets on the Global Desk
ICAIRegistered Practice
02 / The Methodology
The numbers tell a story.
Accounting is not historical data entry. It is the groundwork for enterprise growth, cash flow discipline, and compliance that holds up under real scrutiny — at home and across borders.
PHASE I / DATA
Transactions to Ledgers
Banking feeds, invoices, and day-to-day operational receipts are captured, reconciled, and structured into disciplined double-entry systems — the foundation everything downstream depends on.
PHASE II / INTELLIGENCE
Financial Insight
Ledgers become P&L statements and tax-ready schedules. We read this data for what it actually shows — where cash is leaking, and where legitimate tax efficiency is being left on the table.
PHASE III / EXECUTION
Strategic Growth
With that clarity in hand, founders make capital allocation decisions they can stand behind — expansion that is fully compliant by design, not compliant as an afterthought.
PHASE IV / GLOBAL
Cross-Border Perspective
Through contract-basis partnerships with CPA firms in each of our four markets, the same rigour extends across borders — NRI structuring, foreign reporting, and decisions that hold up under two regulatory systems at once.
PHASE I / DATA
Transactions to Ledgers
Banking feeds, invoices, and day-to-day operational receipts are captured, reconciled, and structured into disciplined double-entry systems — the foundation everything downstream depends on.
PHASE II / INTELLIGENCE
Financial Insight
Ledgers become P&L statements and tax-ready schedules. We read this data for what it actually shows — where cash is leaking, and where legitimate tax efficiency is being left on the table.
PHASE III / EXECUTION
Strategic Growth
With that clarity in hand, founders make capital allocation decisions they can stand behind — expansion that is fully compliant by design, not compliant as an afterthought.
PHASE IV / GLOBAL
Cross-Border Perspective
Through contract-basis partnerships with CPA firms in each of our four markets, the same rigour extends across borders — NRI structuring, foreign reporting, and decisions that hold up under two regulatory systems at once.
Client Standing
In their words
We switched our GST filings over mid-year and it was the smoothest handover we’ve had with any CA. Reconciliations that used to take us days now get flagged before they become a problem.
What I appreciate most is that the advice actually changes based on my situation instead of a standard checklist. The regime comparison alone paid for itself in the first year.
Handling an NRI capital gains repatriation from abroad felt genuinely low-stress for the first time. Every DTAA question I had was answered before I even asked it.
Tools
Indicative Tax Estimate
This calculator provides an illustrative estimate based on the information entered. Actual tax liability may vary depending on the taxpayer’s complete profile, applicable provisions, exemptions, deductions, special-rate income and other factors.
Salary/pension and other ordinary income for the year, before deductions. Excludes capital gains and other special-rate income.
Old-regime deductions (optional)
Each item is capped on its own limit — they are not pooled. The new regime allows only the standard deduction in this estimate.
Considered up to ₹1,50,000.
Considered up to ₹50,000.
Considered up to ₹25,000 for your age.
Considered up to ₹2,00,000.
Taken as entered — not verified against any limit.
Estimated tax by regime
Old regime₹1,17,000Taxable: ₹10,00,000
New regime₹0Taxable: ₹11,25,000
Estimated difference: ₹1,17,000The estimate is lower under the new regime on these inputs. Final tax liability depends on your complete tax profile.
This calculator provides an illustrative estimate based on the information entered. Actual tax liability may vary depending on the taxpayer’s complete profile, applicable provisions, exemptions, deductions, special-rate income and other factors.
Assumes a resident individual; includes surcharge with marginal relief and 4% cess. Excludes special-rate income, business income, employer NPS, professional tax and credits. Provision names follow familiar Income-tax Act, 1961 numbering; the Income-tax Act, 2025 (in force from 1 April 2026) renumbers provisions. Slab rates shown are unchanged for FY 2025-26 and FY 2026-27.
Discuss your tax position →For our clients
Your books, at your fingertips.
Existing clients can sign in to the firm’s accounting portal to see their invoices, bills and reports, kept up to date by our team.
- Invoices & billsReview what has been raised and what is still to be paid.
- Financial reportsProfit and loss, balance sheet and tax summaries prepared by our team.
- Secure sign-inYour own login. Your books stay private to you and your advisers.
05 / Perspectives
Insights & Analysis
Notes on tax, GST, compliance and cross-border finance for business owners.