standard deduction

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.

A recent LinkedIn post has sparked debate after a woman shared her experience with a recruiter who described a "flexible" leave policy. The company allegedly stated that sick or personal leave would result in pay deductions, a claim that has drawn criticism online. Users expressed shock, calling the policy misleading and questioning its legality.

SSC GD Constable 2026 answer key: Staff Selection Commission (SSC) is expected to release the SSC GD Constable 2026 provisional answer key in the first week of June 2026, along with candidate response sheets for transparency. The CBT was conducted from April 27 to May 30, 2026. Candidates can calculate scores, challenge answers, and pay objection fees. The recruitment targets 25,487 vacancies, with PET and PST next after final results in July 2026 following normalization and evaluation process expected soon officially.

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.

Securing a plot of land for your future home or investment is now feasible with bank loans. While similar to home loans, plot loans have distinct terms, including higher interest rates and shorter repayment periods. Lenders prioritize residential plots within city limits, requiring thorough documentation and legal checks to ensure a smooth purchase.

Every week TOI+ subscribers send in legal questions and our panel of leading experts offers well-considered, practical, and actionable opinions on every query. From property disputes to inheritance matters, divorce queries to income tax issues, My Lawyer connects you directly with experts you can trust

Every week TOI+ subscribers send in legal questions and our panel of leading experts offers well-considered, practical, and actionable opinions on every query. From property disputes to inheritance matters, divorce queries to income tax issues, My Lawyer connects you directly with experts you can trust

Non-Resident Indians can invest in Indian real estate, including residential and commercial properties, and land for construction, under FEMA rules. While agricultural land is restricted, NRIs can purchase apartments, offices, and plots. Key documents and tax compliance are essential, with specific deductions available for interest and principal payments. Payments must follow prescribed banking channels.

JEE Advanced 2026 concluded with students deeming the exam moderately challenging, noting variations across subjects. Chemistry was perceived as easier, while Physics presented a mix of easy and moderate questions. Mathematics, however, was frequently described as lengthy by test-takers. IIT Roorkee organized the examination, which serves as the primary pathway to prestigious engineering programs.

EMRS Tier 2 Answer Key 2026: The National Education Society for Tribal Students (NESTS) has released the EMRS Tier 2 Answer Key 2026 for candidates who appeared in the mains examination held in March 2026. Candidates can download the official answer key PDF and scanned OMR sheets through the NESTS portal using their login credentials. The authority has also shared details regarding the marking scheme, objection process, objection fee and expected objection window for the EMRS Staff Selection Exam recruitment process.

UAE mandates private firms to pay staff by the first of each Gregorian month from June 1, 2026. This stringent wage protection reform aims to bolster worker rights and labour compliance. The move standardizes payroll, with delayed payments automatically flagged, impacting millions of expatriates reliant on timely salaries for essential expenses.

CRPF Tradesman correction window 2026: The Central Reserve Police Force has announced a three-day correction window for candidates applying for Constable (Technical & Tradesmen and Pioneer) Recruitment 2026. Applicants who completed their registrations and fee payment can edit and re-submit application forms between May 21 and May 23, 2026. The recruitment drive includes 9,195 vacancies across multiple trades. The selection process will include PET, PST, CBT, trade tests, document verification and medical examination for eligible candidates across India.

Astrological readings offer guidance for each zodiac sign, focusing on themes like pausing for reflection, embracing comfort zones, and navigating communication. Key areas like love, career, and finances are addressed, with advice ranging from steady leadership to managing financial fears. Readers are encouraged to embrace clarity, seek support, and maintain balance for a more grounded day.