A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a ...

Health insurance in India enables NRIs to cover family members and claim tax deductions on Indian income. It offers affordable premiums, local claims convenience, and financial security alongside medi ...

For NRIs, buying health insurance in India is now a smart financial planning move, helping secure care for elderly parents, ...

The draft income-tax rules make it clear that several salary-linked exemptions and non-taxable perquisites continue to be ...

The article analyses proposals to expand tax-free income and rationalise slabs, arguing that higher thresholds would better ...

Old tax regime or new tax regime? Here’s a detailed comparison of income tax slabs, deductions, exemptions, and which option ...

Budget 2026-27 keeps income tax slabs unchanged. Both Old Tax Regime and New Tax Regime remain, with the new regime as ...

By proposing higher exemption limits across several key allowances, such as house rent allowance (HRA), children’s education ...

Salaried employees stand to gain significantly from proposed tax rule changes. Under draft Income Tax Rules, 2026, the annual tax exemption for meal vouchers like Pluxee or Sodexo could rise to Rs ...

New Tax Regime: The new tax system is simple. It has fewer tax slabs, fewer conditions, and limited deductions, but the ...

If you have moved on to the new income tax regime, should you give the old one another look after the proposed benefits? Read on to see what the changes could mean for your tax savings.

Under the new tax regime, Section 87A of the Income Tax Act, 1961 provides a tax rebate of up to Rs 60,000. Because of this rebate, individuals earning up to Rs 12 lakh in a financial year may not ...