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The presumptive taxation scheme offers a simpler way to compute taxable income, but it may not suit every taxpayer. Here's what businesses and professionals should consider before choosing it.

The new rules compress a dozen complicated advance clauses into three broad categories while requiring a mandatory 25% retirement reserve.

If you have bought a car worth more than 10 lakh, you would have paid a TCS of 1% to the dealer. This is not an additional tax but a tax credit that can be adjusted against your total income tax liability or claimed as a refund while filing the ITR. 

From reporting income from two house properties to furnishing additional details for donations and rental income, the latest ITR-1 utility brings several changes. Here's what taxpayers need to know before filing.

Every SIP should be linked to a specific financial goal, such as retirement, a child's education, buying a house, or wealth creation. The expert suggested that the number of funds you own or their recent returns matter less than whether each SIP is aligned with a clear financial objective.

The new Income Tax Act largely simplifies presumptive taxation rules, but one change could restrict taxpayers from setting off certain losses against presumptive income.

The new framework empowers the ombudsman to issue interim, non-binding advisories to the regulated entity, requiring it to take action for full or partial resolution to enable quicker settlement.

India's largest large cap mutual fund shuffled its portfolio in June by adding three stocks and exiting four. Tata Steel saw the biggest increase in holdings, while GAIL featured among the complete exits.

Taxpayers can face late filing fees, interest and penalties for different types of income tax defaults. Here's a simple guide to the key provisions under the Income Tax Act and what they could cost you.

From 15 July, the India-UK Double Contribution Convention Agreement will allow eligible Indian professionals on temporary UK assignments to continue building EPF savings in India instead of paying towards UK social security contributions. 

While EPFO calculates interest on your provident fund every month, it credits the accumulated amount only after the end of the financial year.

Gold and silver prices today, 13 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates, along with other important geopolitical updates.

West Bengal may soon allow corrections for 27.8 lakh rejected Annapurna Yojana applications. The proposed edit facility will help applicants fix Aadhaar, mobile and data errors, resubmit forms and improve chances of receiving welfare benefits under the state scheme.

The 8th Pay Commission is about much more than a salary hike. From allowances and pensions to performance incentives and gratuity, these five key Gazette provisions could reshape the pay and retirement benefits of Central government employees. Check the complete details, including FAQs. 

While most of the changes to capital gains taxation were implemented in FY24-25 or AY25-26, taxpayers filing returns this year for AY26-27 still need to navigate a detailed reporting framework, particularly for equity transactions.

Families can save on school fees through tax exemptions for education and hostel allowances from employers. Tuition fees may also also qualify for deductions under Section 80C. Here's everything you need to know about these tax benefits.

Income-tax returns: The I-T department has released excel utility of its ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam) forms for AY27. Today we lay out the numbers and key things to know for senior and super senior citizens looking to file their returns.

A Bengaluru homebuyer has been waiting over six years for promised amenities after paying 40 lakh for an apartment. He approached Karnataka RERA for relief and partly won the case. Here's what you can do if it happens to you.

8th CPC: The 8th pay commission has invited eligible candidates to fill vacancies for consultant roles. Here are details on job openings, qualifications required, salary and the deadline for applications.

The EPFO member portal now allows salaried employees to transfer their EPF balance from previous employers to current ones more easily, aiming to reduce paperwork. Here's how the process works and what all you need to know.

DA hike: Amid expectations that the Indian government will announce dearness allowance increase in July 2026. we take a look at the trend of past DA hike announcements during the 7th central pay commission.

Taxpayers earning over 1 crore must file additional disclosures about assets and liabilities under Schedule AL when submitting their income tax returns. Details here.

The Orissa High Court has ruled that unauthorised absence from work, by itself, is not grave misconduct that justifies compulsory retirement or denial of pension. The court restored a railway employee's retirement benefits after finding the punishment disproportionate.

The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.

The Employees' Provident Fund Organisation (EPFO) has this month migrated entire member database to the Centralised IT Enabled Services (CITES) project. The overhaul of its digital infrastructure aims to make services faster, transparent and more citizen centric.

Gifts from family can be tax-exempt, but not always. Tax treatment varies based on the giver, value, and occasion. Here's when a gift is tax-free when it becomes taxable.

Quant Small Cap added five new stocks to its portfolio in June while making complete exits from nine companies, including Reliance Industries. The fund also sharply increased holdings in RBL Bank, Sona BLW Precision Forgings and Anand Rathi Wealth while trimming exposure to several existing stocks.

Living abroad does not automatically exempt NRIs from filing an ITR in India. Tax filing depends on residential status, income earned from Indian sources, and other conditions such as salary, rent, capital gains, business income, TDS refunds, and DTAA claims.

The Income Tax e-filing portal helps taxpayers identify the correct ITR form through eligibility conditions and a guided questionnaire. Users can also determine applicable schedules, making the return filing process simpler. 

Fresh SIP registrations into international mutual funds have nearly come to a halt after PGIM, Franklin Templeton and Edelweiss suspended new inflows into 11 schemes. Existing SIPs, however, will continue uninterrupted.

The new tax regime may be a better choice for salaried employees earning around 13 lakh a year. Here's how much tax you pay under each regime and the savings you can make.

EPFO has introduced the Amnesty Scheme, 2026, giving employers operating exempted Provident Fund (PF) trusts a one-time opportunity to regularise their legal status.

A couple faced pressure to buy a house but learned that renting may be financially wiser. With the rent yielding only 2-3% annually on a 1.5 crore flat, they debated the benefits of down payments versus investments, concluding that homeownership should not be driven by social expectations.

The new EPF Scheme, 2026 replaces the decades-old 1952 scheme and changes how provident fund withdrawals work after unemployment. Members can now access only 75% of their PF balance immediately after losing a job.

Gold, silver prices today, 12 July: Check retail rates of 24K, 22K gold, 18K and 999 fine silver after recent escalation of fighting between the US and Iran.

According to the expert, investors should add a new mutual fund only if it reduces portfolio concentration, adds meaningful diversification, and fits your financial goals. A compact portfolio of 5 to 6 funds can often provide better diversification. 

A retired BSNL employee won full tax relief on a 39.96 lakh VRS payout after the ITAT ruled it was retrenchment compensation. The tribunal said the benefit under Section 10(10B) applies based on the specific facts of the BSNL VRS-2019 scheme.

AIS has become the default starting point for filing ITR, but experts warn it's riddled with gaps making independent reconciliation essential.

Recent AMFI data reveals retail investors exhibit strong participation that despite market volatility SIP contributions rose 7.5% to 32,087 crore in March. We asked experts what is driving optimism among small investors and confidence in SIPs. Here's what they said

The regulatory framework for REITs and InvITs has improved a lot. As a result, mutual funds have increased their exposure to them. Going ahead, with the listing of new REITs and InvITs in existing and new sectors, investors will have a wide variety of options to choose from.

Want to switch jobs and keep your current insurance plan? Here is what you can do to convert your employer group health policy into an individual or family coverage plan. Check eligibility, steps, rules

The most avoidable source of tax litigation between individual taxpayers and the department is disputes over classification and disclosurespecifically, mismatches between how taxpayers report income or investments and how the department interprets them.

A high home loan EMI can strain monthly finances and delay wealth creation. Experts recommend keeping EMIs within 25-30% of monthly income to maintain savings, investments and financial security while managing homeownership comfortably and preparing for unexpected expenses.

Private and public banks in India will be closed for four days from July 13 to 19, 2026, due to various holidays. Customers should check the RBI's holiday calendar and can still access online banking services during this period.

ITR Form 1 (Sahaj) is for small taxpayers with income up to 50 lakh. Over 1.7 crore ITRs were filed for 2025-26, urging timely submissions before the July 31 deadline to avoid penalties and delays in refunds.

With the new EPF rules and Labour Codes redefining contributions by employees and employers towards provident fund, we asked experts to explain how this impacts your monthly investment in the financial instrument. Here's what they said

Income Tax Return filing has become more than a tax obligation. A timely and accurate ITR strengthens your financial identity, improves loan eligibility, supports visa applications, speeds up refunds and builds long-term financial credibility with lenders, insurers and financial institutions.

The new tax regime features lower rates with fewer deductions, leading many salaried taxpayers to think they can't reduce tax liabilities. However, there are tax-saving provisions available. Here are five ways to lower your tax outgo.

The PFRDAs latest initiative aims to provide NPS subscribers with more flexible periodic payouts during the decumulation phase while continuing to support corpus appreciation through the RIS. While the subscriber gets periodic payments, the remaining corpus stays invested and continues to grow.

8th pay commission: Here's how union representatives, employees, pensioners, government departments and stakeholders can submit data to the 8th pay commission (CPC). Today, we take you through the full step-by-step process.