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INCOME TAX IN INDIA
Man, who refused US job offer earlier, pays over Rs 1 crore income tax, says 'I'm earning for someone else'; sparks debate- FCNR(B) FD interest rates for NRIs: HDFC Bank, SBI, PNB, ICICI Bank and Axis Bank- which offers highest maturity on USD deposits
- $17.4 billion flows into FCNR(B) deposits: Which bank offers the best 3-year FCNR(B) FD rate—SBI, PNB, HDFC Bank, ICICI Bank or Canara Bank?
- NRE FD interest rates up to 6.70%: SBI, HDFC Bank, PNB and more; which bank offers best returns for NRIsNon-Resident Indians can invest foreign earnings in Indian rupees through NRE fixed deposits. These deposits offer tax-exempt interest and ...14 Jul, 2026, 05.16 PM IST
- Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting luredThe Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interes...19 Jun, 2026, 05.44 PM IST
- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...19 Jun, 2026, 05.41 PM IST
- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...19 Jun, 2026, 03.44 PM IST
- FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIsFollowing RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have laun...17 Jun, 2026, 01.28 PM IST
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...10 Jun, 2026, 05.21 PM IST
- Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...19 May, 2026, 12.16 PM IST
- Despite income tax cuts, India on track for fiscal consolidation: S&P Global RatingsIndia remains on track with its fiscal consolidation efforts despite recent income tax cuts. S&P Global Ratings projects the country to mee...04 Feb, 2025, 04.36 PM IST
- Income tax made easy: NRIs' complete guide to income tax filingSrishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Ex...04 Mar, 2024, 03.16 PM IST
- ITR filing doubles to 77.8 million in 10 yearsThe number of income-tax payers in India rose to 93.7 million in FY23 from 52.6 million in FY14. The tax deducted at source (TDS) emerged a...23 Jan, 2024, 11.57 PM IST
- How to report crypto income in ITR. Can I avoid tax? All your crypto tax queries answeredCrypto taxation is a relatively new concept in India, with the Finance Act 2022 being one of the country's first laws to recognize crypto a...28 Jul, 2023, 08.24 PM IST
- Delhi HC orders CBI inquiry into verification of email from tax deptThe bench directed CBI to file its enquiry report within four weeks, holding that the matter was a serious one as one of the parties has ei...19 Jul, 2021, 07.54 PM IST
- No cut in income-tax slabs in Budget can be a disappointment: Neeraj DewanNot expecting too much from the govt, except the income tax cut, says Neeraj Dewan.17 Jan, 2020, 03.04 PM IST
- How the proposed new Direct Tax Code could cut your income taxThe Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs....30 Oct, 2019, 06.08 PM IST
- How many people pay income tax in India? Here's a glimpseIndia has one of the worst ratio of taxpayers to voters, it needs more people filing taxes.09 Feb, 2019, 02.47 PM IST
- Direct taxes code task force to be reconstitutedThe task force was set up on November 22, 2017, following Prime Minister Narendra Modi’s observation at Rajaswa Gyan Sangam that the Income...10 Oct, 2018, 07.21 AM IST
- View: This absurd new tax can permanently damage India's reputationTo complete the travesty, the new levy would be in addition to the securities-transaction taxes and capital-gains taxes already paid on sec...17 Jan, 2017, 07.53 PM IST
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