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RETIRED BANK EMPLOYEE TAX CASE
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 ...
- NPS to OPS migration: What pensioners and their families need to know about revised SOP rules in case of death and disabilityThe Central Pension Accounting Office has announced a revised procedure for pension migration from the National Pension System to the Old P...
- Forgotten 401(k) Money: Did your old employer move your 401(k) without asking? Why 68% of these IRAs lose value in year oneMillions of Americans may have retirement money sitting in old 401(k) accounts without realising it. A new PensionBee study found that many...
- Bangladesh ex-air chief arrested in Qatar over corruption charges, investigators trace alleged wealth to Canada, DubaiBangladesh (Google Trends): Bangladesh’s former Air Chief Marshal Sheikh Abdul Hannan has been arrested in Qatar following corruption alleg...
- Gratuity calculator: What can be your gratuity on Rs 50,000 last-drawn pay and 10 years of service?Gratuity is an essential payment made by employers in recognition of employees' long-standing loyalty and service. Typically, employees qua...
- Gujarat postal employee found dead in 1,700-foot cliff, police probe 13-minute video over matrimonial disputeVishwaraj Gohil, an employee of the Gujarat postal department, tragically took his own life at the Harishchandragad cliff. Prior to this de...
- I have LTCG tax liability of Rs 16 lakh from land sale; should I pay income tax or reinvest to save?ET Wealth Reader's Query: I am 57. I recently sold a piece of land near Jewar airport, resulting in a long-term capital gains (LTCG) tax li...
- Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High CourtMr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales...
- Salary up to Rs 25,000: EPFO reveals how you can enrol for EPF, EPS and ELDI schemesThe government recently raised the wage ceiling for the Employees' Provident Fund to Rs 25,000, allowing a broader range of workers to acce...
- Delhi Police prevents potential losses of Rs 1.53 crore in five 'digital arrest' scamsDelhi Police successfully intervened to stop significant financial losses from digital arrest scams in various states. The Financial Monito...
- Postal employees’ annual bonus for 2025-26: Check how much regular staff and Gramin Dak Sevaks can getThe central government has unveiled a Performance Linked Bonus for postal employees for the fiscal year 2025-26. This bonus will be equival...
- Rs 3.41 crore in FCNR deposits tagged as unexplained money despite being held by Dubai-based individual; ITAT Jaipur grants full reliefMrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, h...
- 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...
- How to invest my Rs 2.5 crore retirement fund for a steady monthly income?ET Wealth Reader's Query: I am 60 with a retirement corpus of Rs 2.5 crore. How should I invest it to generate a steady monthly income and ...
- WhatsApp scam alert: How replying ‘No’ to fake bank debit message can empty your bank accountHyderabad reported incidents of WhatsApp message fraud causing victims to lose significant amounts of money. A chartered accountant lost la...
- Social Security raises payroll tax cap to $192,300 for 2027 - Here's who will pay more after COLA announcementStarting January 2027, American citizens will witness notable changes in their Social Security benefits and payroll taxes. A cost-of-living...
- Social Security COLA 2027: Could your bigger benefit mean a higher tax bill? What retirees should checkThe Social Security Administration announces the 2027 cost-of-living adjustment on Oct. 14. Most forecasts land between 3.2% and 3.6%. Fede...
- 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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