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CENTRAL GOVERNMENT TAX EXEMPTION
Centre scraps TDS on aircraft lease rentals at IFSCsA significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid...
Charitable trusts get relief on 80G registrationCharitable trusts and institutions that missed the 80G registration renewal deadline have received a one-time reprieve from the CBDT. The t...
EPF Scheme 2026: Will you get more than 8.25% interest on your PF contributions now? Check EPFO updateA new Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under the Code on Social Security, 2020. The EPF interest rate...
Tax department steps up scrutiny of charitable trusts over disclosure mismatchesThe Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governan...
Made less than Rs 1.25 lakh LTCG from equities this year, do you need to file ITR?Even if your long-term capital gains from stocks are under Rs 1.25 lakh, you must still file your Income Tax Return for AY 2026-27. While t...
PPF interest rate for July-September 2026: Has government changed 7.1% rate? Here's what investors should knowPPF interest rate: The Finance Ministry has maintained the Public Provident Fund (PPF) interest rate at 7.10% for the July-September 2026 q...
EPF Scheme 2026 replaces EPF Scheme 1952: Have EPF interest rate, contribution and wage ceiling changed?EPF Scheme 2026: The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version, bringing the EPF under the new Social Security...
Delhi EV Policy aims to cut ownership costs, boost adoption: CM Rekha GuptaDelhi's new EV Policy 2026 aims to make electric vehicles economically attractive for citizens. Chief Minister Rekha Gupta highlighted that...
The income your tax return doesn't need to include; 8+ types of tax-free income in India
India cuts windfall tax on diesel, raises petrol tax from JulyIndia has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol expor...
Centre extends duty relief on key petrochemical products till July 15The government has extended the import duty exemption on about 40 key petrochemical products by 15 days, now until July 15. This move aims ...
Government extends CBDT chief Ravi Agrawal's tenure by 6 monthsRavi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), has received a six-month tenure extension, keeping him in the role unti...
Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...
ITR filing guide: Know when tax return filing is mandatory, who needs to file and who is exemptIndividuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...
No income tax on these 8 earnings: Check if you qualify for exemption
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...
Haryana unveils tax breaks to accelerate shift to cleaner commercial vehiclesHaryana is offering a full waiver on motor vehicle tax for new environment-friendly trucks and buses in NCR districts. This initiative targ...
Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However,...
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
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...