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COMMUTING TAX BENEFIT
Commuting to work? A $340-a-month pre-tax benefit could reduce your 2026 taxes, and your employer may already offer it to you right nowGetting to work just got a little cheaper. The IRS raised the monthly pre-tax transit cap to $340 for 2026. That lets workers set aside $4,...- From Maruti to Mahindra, top industry execs say GST 2.0 changed the demand equationPassenger vehicle demand surged after GST rationalisation, boosting Maruti Suzuki's sales significantly. Mahindra & Mahindra also reported ...
- Warren Buffett and IBM: Praying the stock price goes nowhere. The maths explains whyHe is not being clever. He does the arithmetic and shows you exactly how much a falling price would be worth to him. Then he turns on the a...
- Alternative fuels overtake petrol in India’s car sales for first time as CNG, EVs and hybrids gain groundIn response to soaring fuel costs, consumers are now leaning towards alternative fuels like CNG, hybrids, and electric vehicles, resulting ...
- Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...
- 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...
- Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
- Trump’s tax and spending plan may have quietly cut your salary and workplace benefits — here’s howTrump’s tax and spending plan changed company tax deductions, affecting employee perks and corporate charity. Free food, bike commuting, an...
- Income tax bill 2025 changes: Commuted pension, house property income, nil TDS, and other changes, you should knowThe revised Income Tax Bill 2025, approved by the Lok Sabha, addresses drafting errors from the previous version, set to take effect on Apr...
- No more partial treatment to pensioners when it comes to commutation of pension in the New Income Tax Bill, 2025Good news arrives for pensioners. The Lok Sabha Select Committee proposes fair tax treatment in the Direct Tax Bill, 2025. The bill address...
- Provident Fund, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax deptThe Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors,...
- This tax-free perquisite value for salaried employee will see a positive change in New Tax Bill 2025Tax free perquisite: Experts say due to a tweak in language of the new tax bill, 2025 now tax free perquisite may include employee commutin...
- UPS differs from OPS in pension calculation, minimum pension amount, lumpsum payment, employee contributionUnified Pension Scheme: The govt announced the Unified Pension Scheme (UPS) for government employees on August 24, 2024. The new pension sc...
- High Court seeks Centre's response on plea asking banks to pay interest on FASTag collected moneyThe Delhi High Court has sought response of the NHAI and the Centre on a plea seeking to direct banks to pay interest to the authorities on...
- Telangana govt waives toll tax for commuters on Makar SankrantiThousands of people head to their native places in Telangana and AP every year to celebrate the three-day harvest festival of Sankranti.
- How Budget 2017 can help promote retirement savings: ExpertsHere are suggestions from some experts for Finance Minister Arun Jaitley and his team on how the coming budget can help promote retirement ...
- NPS needs to offer equal tax treatment to all irrespective of nature of employmentThe problem with taxation of withdrawals under the National Pension System is not that it’s confusing, but that it may not be fair.
- Government to review toll policy keeping commuters interests in mindGovt will go into entire gamut of things including violations by private players, problems being faced by the commuters despite collection ...
- Budget 2013: Common man’s wish listHit hard by soaring inflation and high interest rates, the common man is looking for some respite in this year’s Budget.
- ET in the classroom: Rider benefits in life insurance policiesET looks at the concept of riders in insurance policies and explains the various aspects related to it.
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