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
PPF, SCSS and NSC have outperformed equity in last 2 years, but should you write off equities?Small savings schemes vs Nifty indices: While equities have shown muted returns recently, small savings schemes have offered stable returns...
12 Jun, 2026, 04.07 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
8th Pay Commission calculator: How much arrears can Level 6-10 employees get at 2.0-2.86 fitment factorsThe 8th Pay Commission is consulting stakeholders before finalising its recommendations, while central government employees await clarity o...
05 Jun, 2026, 03.36 PM IST
8th Pay Commission latest news: J&K employee bodies seek fitment factor of 2.86–3.68, Rs 51,480 minimum basic payEmployee bodies from Jammu & Kashmir have urged the 8th Pay Commission to adopt a fitment factor between 2.86 and 3.68, which could raise t...
03 Jun, 2026, 04.41 PM IST
Wife’s MBA degree or past employment with MNCs can’t stop her from demanding maintenance, rules HCAn Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...
29 May, 2026, 08.16 PM IST
Can Rs 2 crore retirement corpus generate Rs 2 lakh monthly income for 20 years after retirement?Planning your retirement corpus is crucial. A Rs 2 crore fund may not last 20 years with high withdrawals. Experts suggest a bucket strateg...
25 May, 2026, 03.14 PM IST
Australian shares flat as housing-tax changes, global risks cap volatile weekAustralia's federal budget on Tuesday proposed curbing negative gearing to encourage investment in new housing, raising concerns about slow...
15 May, 2026, 01.17 PM IST
Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
14 May, 2026, 05.05 PM IST
Got salary arrears after resigning? Use Form 39 to avoid higher tax in 2026–27Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax liability. To avoid this, taxpayers ...
18 Apr, 2026, 07.01 AM IST
Tax arrears worth Rs 54.53 lakh crore pending as on June 30: GovtIndia faces a significant challenge with tax arrears. Total direct and indirect tax arrears reached over Rs 54.53 lakh crore by June 30. In...
05 Aug, 2025, 03.07 PM IST
I-T recovers ₹73,500 cr in pending billsThe income tax department has recovered ₹73,500 crore of pending dues in the current financial year up to March 15, with corporate tax dues...
19 Mar, 2024, 12.52 AM IST
Revenue department told to focus on tax arrearsThe report of the Standing Committee on Finance, tabled in Parliament, said the revenue department seems to be "caught up in the vicious cy...
04 Aug, 2022, 12.19 AM IST
Rs 11 lakh crore tax arrears difficult to recover: CAGSignificantly, more than Rs 10.94 lakh crore, or 98% of this arrears are difficult to recover, owing to different reasons.
07 Aug, 2019, 11.20 AM IST
Formulate action plan to recover tax arrears: Parliamentary panelThe standing committee on finance (2017-18) has said that it is "alarming" that the department of revenue seems to be caught up in the vici...
25 Mar, 2018, 05.24 PM IST
Tax arrears worth Rs 6.44 lakh crore due as on December 31Whereabouts of defaulters, death of accused person or having no assets to pay, untraceable company were among the main reasons resulting in...
11 Feb, 2014, 06.27 PM IST
- Govt may have to write off Rs 85,000 cr tax arrears
The government may have to write off a whopping Rs 85,000 crore tax arrears out of the total arrears accumulated over the past several year...
03 Jan, 2007, 03.40 PM IST