A Redditor demonstrated significant income tax savings under the new regime by strategically restructurin ...More

A Redditor demonstrated significant income tax savings under the new regime by strategically restructuring their salary with components like food coupons and LTA. Employer contributions to NPS and careful timing of RSU sales also reduced their tax outgo. The user emphasized early planning and choosing the correct tax regime based on individual calculations. ...Less

The tax-saving investments of an individual should be part of his overall financial plan. Poor financial ...More

The tax-saving investments of an individual should be part of his overall financial plan. Poor financial habits and biased advice push taxpayers to make sub-optimal investment decisions. Here are some mistakes they must avoid in the rush to beat the 31 March deadline. ...Less

The Trump administration aims to abolish the IRS and replace it with a tariffs-based revenue system, pote ...More

The Trump administration aims to abolish the IRS and replace it with a tariffs-based revenue system, potentially generating $700 billion annually. Commerce Secretary Lutnick explains that tariffs on items like cruise ships, supertankers, and foreign alcohol could fund the government, reduce the deficit, and lower taxes, though economists debate the plan’s feasibility. ...Less

Tax season often brings a frantic rush of investments in tax-saving instruments, but a strategic approach ...More

Tax season often brings a frantic rush of investments in tax-saving instruments, but a strategic approach to tax planning can significantly enhance your financial health. ...Less

Income Tax Planning FY2023-24: You can save tax by investing in certain financial products such as PPF, S ...More

Income Tax Planning FY2023-24: You can save tax by investing in certain financial products such as PPF, Sukanya Samriddhi Yojana, EPF and ELSS. The returns from these investments are often tax-free with certain restrictions. All you need to do about how to get tax-free return from your tax-saving investments. ...Less

Chennai-based IT professional Jeyanth Kumar paid a high tax last year due to capital gains. Sudhir Kaushi ...More

Chennai-based IT professional Jeyanth Kumar paid a high tax last year due to capital gains. Sudhir Kaushik of TaxSpanner.com suggests him how he can optimise his tax by rejigging his income and investments. ...Less

I am an NRI with inherited property and shares in India. What are the best ways to repatriate funds witho ...More

I am an NRI with inherited property and shares in India. What are the best ways to repatriate funds without triggering high taxes or violating Foreign Exchange Management ACT (FEMA) rules? ...Less

“If you invest right, even after the tax liabilities, the returns may be good enough to help you create w ...More

“If you invest right, even after the tax liabilities, the returns may be good enough to help you create wealth. Equity as an asset class has generated the highest ‘real’ returns – returns after inflation – and therefore preferred by seasoned investors for wealth creation,” he observed. ...Less

The choice of mutual funds depends on the time horizon as defined by the proximity of goals and one’s tol ...More

The choice of mutual funds depends on the time horizon as defined by the proximity of goals and one’s tolerance towards risk. Here’s how one can plan for specific goals in life by using mutual funds. ...Less

Trump income tax plan 2025 is making headlines as President Donald Trump claims tariffs could replace fed ...More

Trump income tax plan 2025 is making headlines as President Donald Trump claims tariffs could replace federal income taxes. In a recent interview, he suggested that revenue from import taxes might be enough to remove income taxes for Americans — especially those earning under $150,000. But top economists say the math doesn’t work. With imports far smaller than total income and tariffs already hitting consumers hard, many experts are skeptical. Still, Trump’s bold tax vision is sparking debate. Could his plan reshape the future of taxation? ...Less

The taxing dividend income in the hands of insurers will increase their effective tax rate. ...More

The taxing dividend income in the hands of insurers will increase their effective tax rate. ...Less

New York City's millionaires and billionaires should pay higher income taxes, according to a new proposal ...More

New York City's millionaires and billionaires should pay higher income taxes, according to a new proposal presented by the city comptroller. ...Less

Union Budget 2025: Finance Minister Nirmala Sitharaman proposed to increase the direct and indirect tax c ...More

Union Budget 2025: Finance Minister Nirmala Sitharaman proposed to increase the direct and indirect tax collection targets for fiscal year 2025, seeking to raise Rs 42.70 lakh crore. This move aims to boost income, consumption, and channel funds into capital expenditure and welfare schemes, despite the anticipated low economic growth. ...Less

India Budget: Finance Minister Nirmala Sitharaman set the fiscal deficit target for 2025-26 at 4.4%, alig ...More

India Budget: Finance Minister Nirmala Sitharaman set the fiscal deficit target for 2025-26 at 4.4%, aligning with the government's commitment to reduce the budget gap below 4.5% by 2026. The current fiscal deficit target has been revised to 4.8%. Economists warn that aggressive targets could impact India's economic growth, suggesting a cautious approach. ...Less