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INCOME TAX SURCHARGE
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...- ₹50 lakh to ₹1.4 crore: How extending your PPF can add lakhs to your corpus and who should do itPPF maturity presents a choice: withdraw or extend for continued tax-free compounding. While government backing and tax benefits remain att...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- 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...
- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...
- Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...
- 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...
- Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
- Iran war saddles global companies with $25 billion bill and countingGlobal companies face significant financial strain due to the U.S.-Israeli war with Iran. Businesses are grappling with escalating oil pric...
- Tax wealthy, not fuel and gold: Former UN Advisor, economist Santosh Mehrotra warns of Rupee slump, job lossesFormer UN Advisor Santosh Mehrotra urged the government to tax the super-rich instead of relying on indirect taxes on fuel and gold, warnin...
- 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...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- Amazon techie checks April payslip, sees TDS bigger than father's salary: 'Daylight robbery at this point...'An Amazon employee went viral on Grapevine after sharing their shock over a heavily taxed April payslip, revealing frustration at seeing a ...
- Share buybacks this month: Wipro, Aurobindo Pharma, 2 other stocks to watch out forFour companies—Wipro, Cyient, Windlas Biotech, and Aurobindo Pharma—are set to announce or act on share buybacks this month, with Aurobindo...
- Capital gains on share buyback get new surcharge twist; income tax dept explains what it means for youThe Income Tax Department has clarified a new 12% surcharge on capital gains from share buybacks, specifically for promoters. This change, ...
- Surcharge on income tax
- Highest surcharge on personal income tax reduced from 37% to 25%The highest surcharge levied under personal income tax has been reduced significantly from 37% to 25% in the new tax regime.
- Surcharge hike: Will the rich outsmart the taxman?Many biz families holding assets under local pvt trusts are considering to change the character of the trust.
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