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HEALTH CESS
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...- 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...
- 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...
- Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...
- Why investors are ready to play in global equity leagueIndian investors are increasingly looking overseas as global markets outperform domestic equities, driven by themes like AI. While internat...
- Wipro is buying back shares at Rs 250. What your tax bill looks like depends on this factorWipro's share buy-back offers Rs 250 per share, a premium over market price. New tax rules effective April 1, 2026, treat buy-back proceeds...
- Delhi government to introduce smart cards, cess portal to benefit construction workersDelhi government is introducing chip-enabled smart cards for construction workers. This initiative will streamline registration and welfare...
- Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
- Cess on pan masala to fetch Rs 14,000 cr in FY27The government will collect Rs 14,000 crore from a new health and national security cess on pan masala in the next fiscal year. This cess, ...
- Higher excise, health cess to kick in on tobacco products, pan masala from February 1New taxes on cigarettes, tobacco, and pan masala begin February 1. This marks a major tax change for these products. Excise duties and a he...
- Centre expects Rs 5.91 lakh cr from cess and surcharge in FY26The Finance Ministry anticipates collecting ₹5.91 lakh crore from cess and surcharge in the current fiscal year, marking a 9.43% increase f...
- Smokey Affair: GST on cigarettes, tobacco products may be raisedIndia is considering raising the GST on cigarettes and tobacco products to 40% and adding an additional excise duty after compensation cess...
- Govt exempts customs duty, cess on ventilators, surgical masks, PPE, Covid-19 test kits“In the context of Covid-19 situation, considering the immediate requirement of ventilators and other items, the Central Government has gra...
- Government proposes health cess on import of medical equipmentThe proceeds from the cess will be used for creating infrastructure for health services in the aspirational districts. The health cess will...
- No health cess in new National Health Policy: JP Nadda"The talks of introducing a health cess is wrong. There is no such thing mentioned in the new policy. There is no question of introducing h...
- Budget 2016: Government eyes health cess on tobacco, alcoholA ‘sin tax’ is an excise tax that is levied on products and services considered to be detrimental for health or society such as alcohol, to...
- Govt may dump proposal to introduce health cessThe Government is unlikely to introduce a health cess in the coming Budget to provide health coverage to the below poverty line (BPL) famil...
- FM drops 2% health cess proposalFearing burden on the people, the Finance Ministry has dropped the proposed two per cent health cess to collect Rs 6,000 crore for funding ...
- Govt clarifies stand on 2% health cessThe government on Friday clarified that the proposed two per cent health cess for the poor won't be an additional burden on the tax payers,...
- Govt proposes 2% health cessThe Centre has proposed introduction of a 2 per cent health cess to collect Rs 6,000 crore for funding insurance schemes for the families l...
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