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ALLOWANCES EXEMPTION LIMIT
EPFO 3.0 promises a digital PF experience, but can it fix years of legacy problems?EPFO 3.0 aims to modernize provident fund services through upgraded technology, faster claim processing, simplified withdrawals, digital re...- Cotton duty or competitiveness? The bigger challenge facing India’s $190 billion textile industryThe government’s temporary import duty relief may ease pressure on mills and exporters, but industry experts say deeper problems in product...
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
- HP opposes centre's 'VB-G RAM G' scheme, says new norms will burden state with Rs 164 crore annually and reduce wagesHimachal Pradesh government vehemently opposes the Centre's renaming of MGNREGA to 'VB-G RAM G' and its new funding framework. Minister Ani...
- RBI says no to special exposure relaxations for state NBFCsThe Reserve Bank of India has firmly rejected requests for special exemptions from concentration norms for government-owned NBFCs, emphasiz...
- Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
- Bengal budget 2026: Rs 3,000 monthly dole for unemployed youth, Kalyani airport and new sports university announcedWest Bengal's new budget introduces 'Bhorsha Kormosuchi,' offering monthly allowances to unemployed youth. Uneducated individuals aged 21-4...
- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- Britain's King Charles to reveal personal tax bill: PalaceCharles began releasing his personal tax information when he was heir to the throne, but will become the first monarch to disclose it. "The...
- FD rate up to 8.05% for senior citizens investing for five years; Know list of banksSenior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attra...
- Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
- India-UK social security pact to benefit 90-95% of Indian pros working in BritainA new social security agreement between India and the UK will benefit nearly all Indian professionals working in Britain. This pact, effect...
- UAE announces social media ban for under-15s, joining growing trendThe United Arab Emirates has implemented a social media ban for children under 15, requiring platforms to monitor and disable underage acco...
- What should international students know about Germany's blocked account requirement?Germany requires international students and job seekers to open a blocked account, known as a Sperrkonto, to prove financial self-sufficien...
- New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
- Fast-tracked power plants fuel AI boom, with little public scrutinyNew power plants are being built at an unprecedented speed to meet the growing demand of tech companies. These facilities, often fueled by ...
- UK Prime Minister Starmer plans social media ban for under-16sBritish Prime Minister Keir Starmer announced plans to ban social media for children under 16, alongside restrictions on gaming and livestr...
- Higher ethanol mix tax cut a good driveIndia is rolling out incentives for petrol mixed with higher ethanol percentages, marking a significant step in its commitment to bolster e...
- Consumers who gave up subsidy can use Non-DCR equipment to install rooftop solar at homesResidential consumers can now use non-DCR solar modules for rooftop installations under the PM Surya Ghar scheme. This applies to those who...
- FPI inflows into FAR securities rise by Rs 8,795 cr after govt tax exemption moveForeign investors are pouring money into Indian government bonds. This follows a tax exemption on interest and capital gains for investment...
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