Getting expensive wedding gifts? They’re tax-free, but only if you keep these proofs handyWedding gifts, even those by non-relatives or received before or after the wedding, are exempt from tax. But preserve proofs like wedding i...
17 Nov, 2025, 04.10 PM IST
3.5% remittance tax: Sending money from US to India to upset manyAn upcoming US bill imposes a 3.5% tax on remittances sent by non-citizens, impacting Indians who are a significant portion of the US immig...
26 May, 2025, 02.47 PM IST
'Big Beautiful Bill' a nasty deal for NRIs sending cash homeA proposed US bill, dubbed 'One Big Beautiful Bill,' could impose a 3.5% tax on remittances sent abroad by non-citizens, significantly impa...
23 May, 2025, 01.25 PM IST
TDS, TCS limits hiked in Budget 2025: Seniors, landlords, foreign travellers, students to benefitWhile senior citizens, landlords and those providing professional/technical services are the biggest beneficiaries of the TDS limit hike, t...
10 Feb, 2025, 11.47 AM IST
NPS tax benefits: How salaried, self-employed can claim tax deductions for NPS under old, new income tax regimeIncome tax benefits for NPS: You can claim tax deductions against NPS under three sections of the Income-tax Act, 1961 in India: Sections 8...
02 Feb, 2025, 02.27 PM IST
LTA or Leave Travel Allowance exemption limit, eligibility, restrictions, documents you need to submit: LTA latest rules hereLeave Travel Allowance (LTA), which is component of your salary, helps cover travel expenses incurred during your vacation. While it covers...
20 Aug, 2024, 12.44 PM IST
Central govt employees, private employees can't claim LTA if they don't follow these rules; LTA eligibility, other latest updatesLTA for central govt employees: Employers offer Leave Travel Allowance (LTA) to offset travel expenses during leave. It covers airfare, tra...
16 Aug, 2024, 02.24 PM IST
How to file ITR for FY23-24: Claim deductions, exemptions carefully while filing income tax return or you may end up in jailTwo out of three respondents in our survey believed honest people pay more tax, while one out of five respondents felt that the tax authori...
08 Jul, 2024, 12.50 PM IST
Makeover likely to give faceless I-T assessment a friendlier face"It is being reviewed to assess effectiveness," said an official, adding that there is a line of thinking that it should be made optional f...
26 Jun, 2024, 05.31 AM IST
Inclusion of foreign workers in PF unconstitutional, says High CourtThe move, which is likely to be challenged by govt and the Employees Provident Fund Organisation (EPFO), will impact thousands of expatriat...
07 May, 2024, 05.42 PM IST
HC strikes down inclusion of foreign workers in PF, calls it unconstitutionalHC's call will likely face resistance from the govt and the PF body because already a large number of expats have either contributed to or ...
07 May, 2024, 11.45 AM IST
How to claim LTA: Eligibility, LTA rules, documents you need to submit, how much amount you can claim and moreLeave Travel Allowance or LTA, a component in your salary, helps offset travel expenses incurred during your vacation. The benefit extends ...
17 Apr, 2024, 10.36 AM IST
HRA tax exemption: HRA fraud with illegal usage of PANs detected by tax dept; how to avail House Rent Allowance, proofsHRA tax fraud: The investigation by the tax department began when authorities stumbled upon purported rent receipts totaling approximately ...
02 Apr, 2024, 11.41 AM IST
LTA exemption: Submit tax-saving proofs to employer by March 31 deadline as claiming LTA in ITR is a hassleLTA, usually a component of your salary, covers the expenses of your travel during vacation. The cost incurred for family members who trave...
31 Mar, 2024, 09.45 AM IST
Byju’s restructures biz amid exits; Banks advocate unified registry for digital fraudByju’s on Tuesday said it has consolidated four verticals into two, K-10 and exam preparation, as part of moves to restructure its mainstay...
29 Aug, 2023, 07.45 PM IST
Zydus Cadila set to bag Kraft Heinz portfolio for Rs 4600 crore, announcement likely on WednesdayET on October 11 had reported that Zydus Cadila is the frontrunner for the Kraft Heinz India portfolio. Zydus Cadila is the country’s fourt...
24 Oct, 2018, 06.34 AM IST
- RBI seeks sops for remitting profits
RBI has called for a stable tax regime so that Indian cos, which have cumulatively invested $110 bn are encouraged to bring back some of th...
19 Oct, 2012, 05.01 AM IST