What GST compliance services does IQBA offer for businesses in Puducherry?

We handle GST registration, monthly GSTR-1 and GSTR-3B filing, annual return GSTR-9, input tax credit reconciliation with GSTR-2B, e-invoicing and e-way bill compliance, GST audit support, and GST notice response — ensuring accurate, timely filing while maximizing your eligible input tax credit.

How does your income tax advisory service work for business owners?

We provide income tax planning, ITR filing, advance tax computation, TDS return filing, and tax regime selection (old vs new). We also handle income tax notices and scrutiny assessments. Our approach ensures you pay only what's legally due while taking full advantage of available deductions and exemptions.

What does a stock audit include and how does it benefit my business?

Our stock audit includes physical inventory verification, stock valuation, discrepancy analysis between physical and book records, slow-moving and obsolete stock identification, and process improvement recommendations. It improves inventory accuracy, frees working capital, and is essential for bank loan submissions.

What is the Business Clarity & Profit Review and how does it work?

It is a 7-10 day diagnostic engagement where we analyze how money moves through your business — from purchase to payment, stock to sale, and order to cash. We identify where cash is stuck, which products or customers drive profit, and what decisions will improve liquidity and margins first.

How do you approach a business consulting engagement?

We start with a 7-10 day diagnostic to understand your business mechanics before recommending changes. Then we focus on metrics that directly impact cash flow, margins, and growth. We work alongside your existing team to build capabilities rather than creating parallel structures.

What benefits can I expect from your management consulting services?

You get clear organizational structures with defined roles, standardized processes that don't depend on the owner's daily involvement, KPI dashboards for real-time performance visibility, and actionable quarterly plans. The result is sustainable growth without burning out the leadership team.

Do you offer internal audit services and what areas do they cover?

Yes. Our internal audit covers financial controls, operational processes, compliance verification (GST, income tax, labor laws), risk assessment, and fraud prevention. We follow Institute of Internal Auditors (IIA) standards and deliver actionable findings with prioritized recommendations.

How can business advisory services improve my profitability?

We identify which products, customers, and operations drive your profits and where money is leaking. We optimize cash flow, streamline workflows from procurement to delivery, build scalable systems, and eliminate hidden costs across operations and supply chain — all without sacrificing quality.

Income Tax Planning for Business Owners: Old vs New Regime 2026-27 | IQBA

Old vs New Regime — Quick Decision Flow

Here is a simple flow to decide which regime works for you:

→ Step 1: Calculate your total deductions (80C, 80D, HRA, home loan)→ Step 2: If deductions exceed Rs.3-4 lakh → consider old regime→ Step 3: If deductions are minimal (below Rs.1.5 lakh) → new regime is better→ Step 4: Run the numbers for both regimes side by side→ Step 5: Choose the regime that gives lower tax

💡 Tip: Tip: The default regime is the new tax regime. If you prefer the old regime, you must opt for it while filing your ITR. Salaried individuals must inform their employer at the start of the year.

New Tax Regime Slabs for FY 2026-27

Income up to Rs.12 lakh is effectively tax-free (Section 87A rebate of Rs.60,000). Standard deduction of Rs.75,000 for salaried individuals.

• Up to Rs.4,00,000 → Nil• Rs.4,00,001 – Rs.8,00,000 → 5%• Rs.8,00,001 – Rs.12,00,000 → 10%• Rs.12,00,001 – Rs.16,00,000 → 15%• Rs.16,00,001 – Rs.20,00,000 → 20%• Rs.20,00,001 – Rs.24,00,000 → 25%• Above Rs.24,00,000 → 30%

📌 Note: Surcharge: 10% above Rs.50 lakh, up to 25% above Rs.5 crore.

Old Tax Regime Slabs for FY 2026-27

Higher rates but allows deductions up to Rs.1.5 lakh under 80C, plus 80D, HRA, and home loan interest.

• Up to Rs.2,50,000 → Nil• Rs.2,50,001 – Rs.5,00,000 → 5%• Rs.5,00,001 – Rs.10,00,000 → 20%• Above Rs.10,00,000 → 30%

Senior citizens (60-80 yrs): Basic exemption Rs.3 lakh Super senior citizens (80+ yrs): Basic exemption Rs.5 lakh

Standard deduction: Rs.50,000 for salaried. Section 87A rebate: Rs.12,500 (income up to Rs.5 lakh tax-free).

Real Example: Mr. Kumar's Tax Comparison

Mr. Kumar, a retail business owner in Puducherry, has a taxable income of Rs.18 lakh.

📌 Under new regime (minimal deductions): • Tax liability: ~Rs.1.30 lakh + cess

📌 Under old regime (with full deductions): • 80C: Rs.1.5 lakh | 80D: Rs.25,000 | Home loan: Rs.2 lakh • Taxable income reduces to Rs.14.25 lakh • Tax liability: ~Rs.2.07 lakh + cess

✓Verdict: New regime saves Mr. Kumar ~Rs.77,000.

💡 Tip: Tip: If Mr. Kumar's deductions exceeded Rs.4 lakh, the old regime would win. Always calculate both scenarios before filing.

Advance Tax — Pay in Installments, Avoid Penalty

If your tax liability exceeds Rs.10,000 in a financial year, you must pay advance tax in four installments:

→ 15th June: Pay 15% of estimated tax→ 15th September: Pay 45% (cumulative)→ 15th December: Pay 75% (cumulative)→ 15th March: Pay 100% (cumulative)

⚠️ Missing deadlines attracts interest under Section 234B and 234C at 1% per month.

💡 Tip: Tip: Estimate your income in April itself, set aside the tax amount in a separate account, and pay installments on time. This avoids last-minute cash flow stress.

How IQ Business Advisors Simplifies Your Tax Planning

We help business owners across Tamil Nadu and Puducherry with:

Regime selection — old vs new, calculated both ways
Advance tax calculation and payment reminders
ITR filing for businesses and professionals
Notice management and response
Investment planning to maximize deductions

For broader business optimization, explore our guide on Business Advisory Services for Tamil Nadu SMEs.

Income Tax Planning for Business Owners: Old vs New Regime (2026-27)

Key Takeaways

Old vs New Regime — Quick Decision Flow

New Tax Regime Slabs for FY 2026-27

Old Tax Regime Slabs for FY 2026-27

Real Example: Mr. Kumar's Tax Comparison

Advance Tax — Pay in Installments, Avoid Penalty

How IQ Business Advisors Simplifies Your Tax Planning

Need Help Applying These Insights to Your Business?

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