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EMPLOYEE SALARY TAXATION DISPUTE
EPS pension: These pensioners will automatically get their pension benefits under EPS 2026, minister clarifies in ParliamentThe government has notified the EPS pension 2026 scheme, superseding older plans. Existing pension fund benefits are protected under the ne...- Employee wrongly declared Rs 14 lakh Australian salary in Indian ITR: ITAT grants tax relief but denies Rs 3.4 lakh foreign tax creditEmployee mistakenly declared Rs 14 lakh Australia salary in Indian ITR, later sought Rs 3.4 lakh foreign tax credit in India for tax paid i...
- EPF calculator: How much PF corpus can you generate with Rs 25,000 basic pay and 30 years of service?An Employees Provident Fund subscriber could accumulate over Rs 1.12 crore in 30 years. This significant corpus is projected with a Rs 25,0...
- Opting for presumptive taxation while filing ITR? You may have to face tax audit; here’s what you must knowPresumptive taxation simplifies income computation for eligible taxpayers. However, a tax audit may be required if actual income falls belo...
- Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employeesContractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administ...
- How to file ITR-3 online on the Income Tax e-filing portal for AY 2026-2027Individuals with business income must file ITR-3 for AY 2026-2027. This form captures various income sources, including salary and capital ...
- EPS pension calculator: How much monthly pension can you get after 10 years of service under EPS 2026?EPS pension : The central government has implemented the Employees' Pension Scheme 2026. This new scheme replaces the Employees' Family Pen...
- New tax regime: Save up to Rs 65,500 in tax through your employer's NPS contribution; here's how to claim itSection 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for sa...
- From craft beer darling to founder's exit: Bira 91's journey ahead of a revival bidBira 91 founder Ankur Jain has exited the company after a settlement. This agreement allows for the company's recapitalization and operatio...
- CGHS pensioner card application process gets easier: Retiring central government employees can now get CGHS card through Bhavishya portalCentral government employees retiring soon will find CGHS pensioner card applications simpler. Pension details from the Bhavishya portal wi...
- How to select the right ITR form based on your income for AY 2026-2027Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using I...
- Foreign income taxation: Employees, investors, freelancers check these aspects to prevent double taxation on same foreign income while filing ITR for AY 2026-2027Indian taxpayers earning global income face potential double taxation concerns. India's tax treaties offer relief through credits or exclus...
- 8th Pay Commission salary calculator: Why Level 11-18 employees may see just 68% gross salary hike even at 2.57 fitment factor8th Pay Commission salary: Central government employees anticipate the 8th Pay Commission's fitment factor recommendations. A higher fitmen...
- 8th Pay Commission salary hike: Will 2.0 fitment factor increase gross salary by just 31%? Check pay calculatorCentral government employees anticipate significant salary raises from pay commissions. However, gross salary increases may lag behind basi...
- EPF Scheme 2026: Key changes in nominations, PF withdrawals, and employer complianceKey features— such as the 12% contribution rate for employers and employees as well as the Rs.15,000 statutory wage ceiling—remain unchange...
- ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents requiredTaxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individual...
- Salary has to be paid before 7th day of the succeeding month under new labour code; Know what else the new labour code says about salary timelineUnder the new labour code, employers must pay salaries by the seventh day of the following month. Daily wage workers must be paid at the en...
- Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him reliefEmployee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and g...
- EPFO launches Vishwas 2026; scheme to be operational for six monthsUnder VISHWAS, 2026, damages or penalty for defaults pertaining to the period prior to June 14 2024 shall be recalculated at substantially ...
- The Rs 7.50 lakh myth: Why employer's NPS contribution must be included in salary for claiming deduction under Section 80CCD(2)As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not allow deductio...
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