new tax regime

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

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.

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

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.

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.

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.

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.

The Delhi High Court examined the impugned order and the reasons furnished by the petitioner and found no merit in the challenge. The Court specifically rejected the submissions that the petitioner’s lack of awareness of tax laws or his alleged illiteracy could justify the delay. It held that such a plea was not tenable in law.

Women are actively investing in India, moving beyond traditional savings. While participation in mutual funds and equities is rising, independent control over financial decisions, particularly tax planning, is still developing. Younger women show greater comfort with digital platforms and goal-based investing. This shift signifies a growing financial awareness and engagement across the nation.

JP Morgan CEO Jamie Dimon warned that New York City's rising taxes and regulatory pressures are impacting its competitiveness. He highlighted the city's high corporate and individual income taxes, noting an exodus of people and jobs from high-tax states. Dimon emphasized the need for cities to remain competitive in the global financial landscape.

Several changes are expected to reduce the tax burden for the salaried class in general. We take a look at top 10 things salaried taxpayers should know going into the new financial year 2026-27:

India's push for 'Jan Vishwas' faces a stark contradiction as authorities increasingly use stringent NDPS and BNS laws against licensed pharmaceutical stockists. Despite clear regulations under the Drugs and Cosmetics Act, businesses dealing in common cough syrups are being prosecuted, blurring lines between regulation and criminality. This trend risks eroding trust and undermining the rule of law.

Gujarat, like Uttarakhand, is trying to radically change the relationship between law & family. But, results may end up looking quite different. Neither what proponents intend, nor what opponents fear

FTC allows individual taxpayers to claim a credit in India for taxes paid in a foreign jurisdiction on the same income, thereby reducing the tax payable in India.