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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...- Mutual Fund PMS vs direct mutual funds: Why the smarter option may not be the more expensive oneIf you’re considering mutual fund portfolio management services (MF-PMS), ask three questions. First, can the manager show post-fee returns...
- Gold imports from Dubai may rise after duty hike: GTRIIndia's recent hike in import duties on gold and silver opens the door for enhanced trade relations with Dubai. Thanks to the India-UAE tra...
- CAG flags Rs 3.69 lakh crore cess transfer shortfall; RJD MP demands accountability in Rajya SabhaA Rajya Sabha member has highlighted a major issue with central government cess collections. A CAG report reveals a Rs 3.69 lakh crore shor...
- Beverage association say taxation "a bottleneck at all levels"The Indian Beverage Association (IBA) expressed concerns over a potential GST rate hike on aerated drinks. Currently, these beverages face ...
- Govt extends zero import duty & agri-cess exemption on masur dal till March 2025The Indian government has extended the zero import duty on masur dal (lentil) until March 2025 to maintain a stable supply and control dome...
- Govt slashes import duty, agri and infra cess on LPG import to nilThe Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agric...
- Import duty on masur dal cut to zero; agri infra development cess halved to 10 per centA notification in this regard was tabled in the Rajya Sabha by Finance Minister Nirmala Sitharaman. The Minister said that the basic custom...
- What is an income-tax tax slab?There are about six income-tax slabs as per the tax laws notified post Budget 2019.
- GST compensation cess may see Rs 63,000 crore shortfallCompensation cess collection for FY 2018-19 was Rs 95,081 crore, just marginally lower than Rs 96,800 crore.
- Government releases Rs 35,298 crores GST compensation to statesUnder fire over delay in GST compensation, the government today released Rs 35,298 crore to states.
- Odisha opposes clean environment tax on coalThe Odisha government, however, welcomed the GST Council's decision to impose no tax or the lowest possible tax on daily consumer goods.
- Expert view: Key takeaways from the new GST ratesIn lowering the rate on common use items from expected 6% to revised rate of 5%, the interests of common man seem to have played a key role.
- GST rate structure finalised, panel fixes rates at 5%, 12%, 18% & 28%Finance minister Jaitley said the 5% duty was on items of mass consumption or aam aadmi products. "There will be standard rate of 12 and 18...
- GST rate structure finalised, panel fixes rates at 5%, 12%, 18% & 28%Finance minister Jaitley said the 5% duty was on items of mass consumption or aam aadmi products. "There will be standard rate of 12 and 18...
- Hike GST rate by 1-2%, do not levy cess: Assocham to FMThe suggestion, however, is at variance with Jaitley's contention, who had favoured levy of cess on tobacco and luxury products.
- Duty rejig on petrol, diesel to give Rs 40,000 crore for road projectsPetrol attracts a total excise duty of Rs 17.46 per litre, including Rs 2 a litre road cess. Diesel attracts Rs 10.26 a litre total excise ...
- Finance Ministry vetoes Oil Ministry's policy on zero cess, tax holidayThe finance ministry has sent its initial comments on a proposal sent during the UPA government's tenure, aiming to replace Nelp with a non...
- Cess on coal to support research in clean energy technologyGovernment on Friday proposed to levy a cess on coal to support research in clean energy technology and made it clear that the principle of...
- Rubber players pick holes in proposed change in ActThe amendments to the Rubber Act, 1947 presented before the Parliament is likely to have an adverse impact on different sections of the rub...
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