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NON SALARY INCOME
Indians turn to side hustles, freelancing as non-salary income rises: ClearTaxIndians are increasingly earning from non-salary sources like trading and freelancing as reported by ClearTax. The percentage of self-filer...- Lighting lives beyond Diwali: How everyday Indians are making a difference through givingAn RBI officer, a Bengaluru retailer, a safari lodge owner and a 24-year-old money coach tell us how giving a little, steadily, lights some...
- India's ESOP tax rules need reform to ease employee burdenIndia’s ESOP tax rules impose tax on unrealised gains before employees receive cash, creating liquidity pressures. Reforming taxation throu...
- No job or regular income? Husband cannot avoid wife’s maintenance, says Allahabad HCThe Allahabad High Court has delivered a landmark decision affirming that a husband's assertion of being unemployed does not absolve him of...
- Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are metIndians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the U...
- Lifestyle inflation: Earning more, saving less? How to enjoy life without sacrificing your financial goalsFind out how lifestyle creep undermines wealth creation and how to enjoy a better standard of living without sacrificing your financial goa...
- Warren Buffett’s 6 golden rules for investors after retirementWarren Buffett’s retirement advice focuses on low-cost index investing, paying off high-interest debt, maintaining cash reserves, staying w...
- UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should doIn the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income ...
- Rs 1.79 lakh US tax credit under India-US DTAA denied over late Form 67 filing; ITAT Bangalore rules in man’s favourAn Indian taxpayer from Bangalore faced a setback when his foreign tax credit was denied due to late submission of Form 67. However, the IT...
- Retired employee gets income tax notice over Rs 9.29 lakh leave encashment; ITAT Jaipur cancels it and gives him full tax exemption, here's whyMr. Gupta, a former employee of the State Bank of India, found himself facing an income tax notice concerning Rs 9.29 lakh in leave encashm...
- Retired bank employee claims tax exemption on Rs 9.53 lakh leave encashment, faces income tax notice and wins full relief at ITAT JaipurAfter retiring from the State Bank of India, Chhaju found himself facing a tax exemption cap of Rs 3 lakh on his leave encashment totaling ...
- Mark Zuckerberg makes deal with Meta to help him pay billionaire tax if it passesMark Zuckerberg has made a deal to manage potential tax liabilities from a proposed wealth tax in California. The tax would impose a one-ti...
- He earns Rs 3 lakh monthly but Rs 15 lakh car is unaffordable: One money management trap that makes even high earner struggle financiallyA man earning an estimated Rs 3 lakh a month cannot comfortably afford a Rs 15 lakh to Rs 18 lakh car because much of his income is committ...
- Vaibhav Vyapaar Shares to list today; Check GMP ahead of debutVaibhav Vyapaar shares are scheduled to list on the NSE SME platform on October 21, with the IPO commanding a grey market premium of around...
- Is ₹3 lakh enough for your emergency fund if you have a home loan, children and ageing parents?As Netflix plans to cut jobs, the importance of an emergency fund becomes paramount for households facing financial uncertainty. Discover h...
- Five hours a week of posting earned more than her 9-to-5: Meet Sundas Khalid of Seattle, she posted career wins on Instagram while at Amazon. In 2024 the side hustle earned $302,000Sundas Khalid spent years building her career in Big Tech, moving from a $77,000 starting salary at Amazon to earning $292,000 a year at Go...
- Retired employee received income tax notice for Rs 9.04 lakh leave encashment; she wins case in ITAT Jaipur, know how leave encashment is taxedRetired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed...
- Nandan Nilekani calls for expanding Account Aggregators to reach street vendors for access creditNandan Nilekani emphasizes the importance of expanding the Account Aggregator framework to include self-employed individuals. He highlights...
- VRS offer in hand? Check these tax rules before you accept the packageContemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, it’s crucial to analyze the overall financial implication...
- Salary from South Korean employer credited to NRE account triggers income tax notice; ITAT Bangalore gives employee reliefEmployee gets income tax notice over salary received in NRE account from South Korean employer; ITAT Bangalore gives him relief. Know what ...
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