Page 151 - Personal Finance

Finance Bill 2025 provides relief from prosecution for late TCS payments

The amendment in the Finance Bill 2025 provides some relief to taxpayers by offering them a second chance to comply with the tax regulations without facing such severe consequences.

Decoded: With Budget 2025 tax sops does old tax regime still make sense?

The government on Saturday said the old tax regime will continue. But with the changes announced in Budget 2025, does it still make sense to use it?

Sonakshi Sinha sells flat in Mumbai 's Bandra for Rs 22.5 cr: Square Yards

Square Yards' analysis of IGR property registration documents reveals that the same apartment was bought by Sonakshi Sinha in March 2020 for Rs 14 crore and was recently sold for Rs 22.50 cr.

Budget 2025: No tax relief for crypto investors, new compliances introduced

Virtual Digital Assets (VDAs) are now classified as undisclosed income. So if unreported crypto gains are detected, tax authorities can levy a 60% tax along with a hefty 50% penalty on the tax amount

Tax saving tips: How you can legally pay zero tax on Rs 13.7 lakh salary

If you're a salaried employee, you could be saving up to Rs 96,000 in tax annually, all thanks to the NPS and standard deduction.

Big-ticket ULIPs held for over 1 yr will attract capital gains tax at 12.5%

Big-ticket Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will now be subject to long-term capital gains (LTCG) tax at a rate of 12.5%, effective from April 1, 2026.

Save Rs 80,000 to Rs 1.4 lakh under new income tax slabs from April 2025

The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing for greater disposable income

Ulips post-Budget: Assess suitability, examine costs before investing

Investors prioritising liquidity and flexibility should stick to a term plan-MF combo

India reviewing crypto stance amid shifting global regulatory landscape

India's Financial Intelligence Unit (FIU) issued show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for non-compliance with local rules

More disposable income in hands: TDS threshold for senior citizens doubled

Taxpayers can now file updated returns for four years instead of the previous two

Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh

Old tax system remains unchanged

Budget 2025: Relief on 2 self-occupied properties, without riders

Annual limit of Rs 2.4 lakh for TDS on rent increased to Rs 6 lakh

Zero tax, TDS exemptions, TCS removal: How Budget 2025 affects your income

Take a look at the changes announced in Budget 2025 that will reduce your monetary burden

Here's how income tax rate tweaks will boost middle class spending

India's economic growth is expected to slow to a four-year low this fiscal year due to weak demand, particularly in urban areas where the cost of living has soared

Fixed depositors - your TDS limit hiked to Rs 50,000, Rs 1 lakh for seniors

The limit will rise from the current Rs 40,000 to Rs 50,000 per financial year starting April 1, 2025

What is standard deduction for salary, pension income post Budget 2025?

The standard deduction was last hiked in Interim Budget 2024, but only in the new tax regime

Budget 2025 extends tax benefits to NPS Vatsalya under section 80CCD(1B)

NPS Vatsalya is a retirement plan for minor children, allowing parents or guardians make investments on their behalf

TCS on foreign remittances up to Rs 10 lakh; none on foreign education loan

Budget 2026: Sitharaman announced the removal of TCS on remittances for education when the money comes from a loan taken from a specified financial institution

Budget 2025 announces revamped Central KYC registry for better data privacy

Step will help compliance measures covering Aadhaar, PAN card, voter identity

Budget 2025: TDS on rent up to Rs 6 lakh, relief for rental income earners

Budget 2025: The annual TDS exemption limit on rental income has been increased from Rs 2.4 lakh to Rs 6 lakh