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Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
Five big changes in Form 16, which is replaced by Form 130, that every salaried employee must knowForm 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. This change introduces a "Tax Year" ...
8th Pay Commission questionnaire submission deadline extended: Check detailsThe 8th Pay Commission has extended the deadline for submitting responses to its 18-point questionnaire to March 31, 2026. Central governme...
Good news for salaried taxpayers: Limits for these two tax-free perquisites raised substantially in Finance Act, 2025Good news for salaried individuals. The Central Board of Direct Taxes (CBDT) has raised the income limits for tax-free perks. This change i...
What is Form 16? How to download Form 16 to file income tax return (ITR)How to download Form 16: The Form 16 is an important document that is provided by the employer to the employee annually, after the end of t...
What is Form 16? Here's all you need to knowForm 16 is a TDS certificate issued by the employer to an employee if tax has been deducted from the salary income. It is mandatory for the...
New social security code likely to hike retirals, cut take home pay for salariedWhile the intention of the Code on Social Security is to increase the retiral benefits of the employee, this could impact the take-home sal...
Vodafone Idea gives extra month’s salary to all employees to curb exitsThe additional compensation, though, is on condition that Vi staffers remain on the company's rolls till March 31, 2021, failing which it w...
Form 16: New format for salary TDS certificate makes it difficult to fudge income, tax breaksThe new format will allow I-T department to view a detailed break-up of the income and tax breaks.
Hero MotoCorp's Pawan Munjal takes home Rs 59.66 crore pay in FY17The company said average percentage increase made in the salary of employees other than the managerial personnel in2016-17 was 10.80 per ce...
Your wait for TDS certificate gets longer: Last date for employers to issue Form 16 extendedUnder section 203 of the Income-tax Act, 1961, the employer is mandated to issue Form 16 to the employees showing the total TDS on income.
New form to claim tax rebate on LTA, HRAFor claiming deduction of interest on home loan, the name, address and PAN of the lender will have to be furnished.
Submit proof of travel for claiming tax deduction on LTA: CBDTThe details to be furnished include name, address and PAN of landlord where the aggregate rent paid exceeds Rs 1 lakh, according to a CBDT ...
AAP Government faces heat of unpaid sanitation staffFor the Arvind Kejriwal government, which has been promising regularization of contract labour, resolving the crisis will be a big challenge
Supreme Court shuts reservation window for selection of top bankersThe court passed the order on a bunch of appeals filed by banks challenging an order by the Madras high court directing them to provide res...
Courts can't ask states to provide quota in promotions: Supreme CourtA bench of justices, however, said the aggrieved employees, belonging to SC/ST categories, can themselves seek redressal from the court.