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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...19 Jun, 2026, 10.27 AM IST- India weighs extending 40-product import duty exemption beyond June 30 amid West Asia tensionsThe government will decide on extending import duty exemptions for 40 products after June 30. This decision hinges on the evolving situatio...18 Jun, 2026, 02.42 PM IST
- India-UK social security pact to benefit 90-95% of Indian professionals in BritainA new social security agreement between India and the UK, effective July 15, will benefit 90-95% of Indian professionals working for Indian...18 Jun, 2026, 02.14 PM IST
- Tax-free income in India: 8 types of income you don’t need to pay any tax onTax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provide...18 Jun, 2026, 01.51 PM IST
- Paying rent but not receiving HRA? Here’s how non-salaried individuals can claim tax deductionSelf-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Sectio...18 Jun, 2026, 01.30 PM IST
- Supreme Court rejects plea challenging Income Tax break to STs in North EastThe Supreme Court has declined to hear a petition questioning the income tax exemption for Scheduled Tribes in certain north-eastern states...18 Jun, 2026, 07.55 AM IST
- Govt waives customs overtime charges for cruise passengersInternational cruise passengers will no longer pay merchant overtime charges for customs clearance. This decision aims to boost cruise tour...18 Jun, 2026, 12.35 AM IST
- 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...17 Jun, 2026, 12.23 PM IST
- Government prescribes end to over-the-counter sale of cough syrupsEven in small villages with a population of less than 1,000, where certain remedies including cough syrups were allowed to be sold without ...17 Jun, 2026, 12.57 AM IST
- Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...16 Jun, 2026, 11.21 AM IST
- Centre mandates prescription for syrup-based medicinesChemists must now have a doctor's prescription to sell cough syrups. The government has changed the Drugs Rules, 1945. This stops over-the-...16 Jun, 2026, 11.12 AM IST
- EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...15 Jun, 2026, 10.31 AM IST
- Disclose tender process for Board exam answer sheet procurement under RTI Act: CIC to CBSEThe Central Information Commission has directed the CBSE to disclose expenditure and procurement details for Class 10 and 12 board exams, i...14 Jun, 2026, 03.44 PM IST
- 5 small savings schemes offering up to 8.2% interest rate in 2026: SCSS, PPF, NSC and moreSmall savings schemes, popular for conservative investors, will retain their interest rates for the April-June 2026 quarter, offering retur...13 Jun, 2026, 01.19 PM IST
- Blending of E20+ petrol exempt from excise dutyThe government has removed excise duty on blending over 20% ethanol with petrol. This move supports the use of more domestically produced e...12 Jun, 2026, 01.05 PM IST
- 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...11 Jun, 2026, 11.11 PM IST
- NHAI toll exemption list to be reduced: Govt may end toll exemptions for someThe central government is considering reducing toll exemptions for vehicles of senior government officials on national highways. A high-lev...01 Jun, 2026, 03.58 PM IST
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