new tax regime

Many taxpayers mistakenly believe the new tax regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000 standard deduction. Employer contributions to NPS and interest on home loans for let-out properties are also still permissible, reducing overall tax liability

Reporting income/assets etc. in the ITR should be matched with Annual Information Statement (AIS). As through system checks and reconciliation runs, using technology for ITR processing might trigger even small gaps, errors or incorrect claims and may lead to prompt questions.

The Union Cabinet has recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee. This move follows significant foreign portfolio investor withdrawals and addresses concerns raised by FPIs regarding capital gains and securities transaction taxes.

Eye On Global Bond Index Inclusion

A change in how social security benefits are calculated by employers under the new labour codes could affect your in-hand salary.

Government and RBI have launched new measures to attract foreign investment in bonds and bank deposits. These initiatives aim to boost inflows by easing regulations and offering currency protection. The rupee strengthened significantly following the announcements, with potential for substantial retail deposit growth. Tax exemptions for foreign investors on government securities are also in place.

India and the UK are set to discuss contentious steel safeguard measures and the proposed Carbon Border Adjustment Mechanism (CBAM) this week, posing significant hurdles to their free trade agreement. New Delhi is concerned about reduced steel import quotas and potential carbon taxes impacting exports, hinting at possible retaliatory measures.

India’s balance of payments may see a third consecutive year of deficit, and the rising crude oil prices are threatening to expand the current account deficit. So what’s the solution to the problem?

Purchasing a second home involves significant tax considerations beyond the initial purchase price. Stamp duty, registration fees, and GST are upfront costs. Income tax implications vary based on whether the property is self-occupied, vacant, or rented out, with different deduction rules under old and new tax regimes. Understanding these nuances is crucial for financial planning.

Analysts are bullish on Reliance Industries, citing strong refining and petchem performance, with new energy businesses a future catalyst. Lenskart receives an outperform rating, poised for growth in India's eyewear market. BEML's order book offers visibility despite recent EBITDA pressure. ITC faces a significant tax hike on cigarettes, impacting near-term earnings and market share.

The Section 301 probe launched by the US in March 2026 is a known variable in India’s trade deal talks with America. Yet, the proposal to impose duties on around 60 countries assumes significance at a time when a delegation from the US is in India to finalise terms of the India-US trade deal.

Durga Puja organizers in Kolkata are anxious as the new state government's stance on festival grants and pandal regulations remains unclear. Low-budget pujas, heavily reliant on state aid, fear financial strain, while all organizers await clarity on road usage norms. Uncertainty over administrative decision-makers further compounds their planning challenges with the festival approaching.

Pep Guardiola's transformative impact on Manchester City is examined through "The Good, The Bad, and The Ugly." While his tactical genius and trophy-laden reign are lauded, the article critiques the regimentation of his style and the looming shadow of Financial Fair Play breaches, questioning the integrity of his legacy.

West Bengal's new BJP government is enacting swift policy changes, replacing TMC schemes with central programs like Ayushman Bharat and Annapurna Yojna. Mandatory 'Vande Mataram' in schools, revised OBC reservations, and increased age limits for government jobs are among the key decisions. The administration is also scrutinizing caste certificates and initiating corruption probes.

The Central Information Commission ruled the BCCI is not under the RTI Act, dismissing an appeal seeking information on its national representation and player selection. The CIC noted that increased government oversight could disrupt BCCI's finely balanced economic structure, citing its financial independence and market-driven operations, particularly the IPL's success.

The Federation of Jharkhand Chamber of Commerce and Industries has urged the state government to reconsider the newly approved city tourist tax on hotel stays. The proposed levy, ranging from 2% to 10% for domestic and foreign tourists respectively, could significantly impact Jharkhand's tourism and hospitality sectors by increasing costs for travelers and potentially discouraging visitors.

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

At its core, gratuity continues to be a statutory payment made by an employer when the employee exits after meeting certain conditions. In most cases, employees need to complete five years of continuous service with the same employer to become eligible.

Higher EPF, changing tax breaks, and unclear timelines — this appraisal season is anything but routine. Here’s how to read the fine print before you sign.

From May 1, India’s online gaming sector enters a new regime: money-based games are prohibited, while e-sports and social gaming face tighter oversight. A central regulator, payment curbs and compliance rules aim to end years of legal ambiguity

In a significant move for Bihar's youth, Chief Minister Samrat Choudhary has unveiled a cutting-edge technology centre in Bihta, along with four new extension centres. This initiative, in collaboration with the Union MSME ministry, is set to empower aspiring entrepreneurs through specialized training in areas such as quality control, packaging, and marketing.

Refusing to entertain the plea, the first bench of Chief Justice Sushrut Arvind Dharmadhikari and Justice G Arul Murugan dismissed the plea filed by M P Venkatesh, a voter from Perambur constituency.

Salaried taxpayers claiming House Rent Allowance (HRA) will face stricter disclosure norms from April 1, 2026, with the introduction of Form 124. Under this new format, employees are required to declare their relationship with the landlord to curb bogus claims within families. Genuine rental arrangements with relatives remain valid if supported by proper documentation and income declaration.