Tax Benefits

Income tax calculator after Budget 2026: Rs 6-50 lakh tax break-up

Income tax calculator: Compare old and new tax regimes to see how much you'll actually pay on Rs 6-50 lakh income in FY27

Budget narrows SGB tax tax-free status: Check investments still exempt

Investors face a narrowed tax-free window for Sovereign Gold Bonds as the Budget shifts focus back to traditional EEE-rated savings schemes

Co-borrowers must be co-owners and contribute to EMIs to claim tax benefits

The deduction claimed must be in proportion to their ownership share and actual EMI contribution

Supreme Court bars tax on industrial machinery not meant for public roads

In its judgment, the court held that taxation under this entry cannot be extended to specialised equipment whose design and primary function are confined to industrial premises

2025's most overlooked tax-saving opportunities: See which ones you missed

From Section 80D to home-loan perks, here's what many taxpayers overlooked last year

Budget 2026: FHRAI seeks tax perks to drive hotel expansion beyond metros

Pre-Budget representations made to finance ministry, tourism ministry

Ink used in printing lottery tickets liable to tax, says Supreme Court

The Supreme Court held that ink and chemicals used to print lottery tickets qualify as goods under a works contract, upholding the Allahabad High Court order

In a clear change of strategy, govt turns to tax benefits to boost demand

The 'Festival of Savings' appears to be the new policy instrument to revive and sustain growth

75% consumers doubt firms will pass on GST rate cut benefits: Survey

LocalCircles' survey found that 42% of consumers were only "partially confident" and 33 per cent were "not confident" about companies lowering MRP in line with the revised GST rate

Gift, sale, planning: How one couple paid no tax on ₹3.85 cr capital gains

Gift deeds, registered sale deeds, and transparent banking channels can make even intra-family transfers fully compliant with the law

Participating life insurance plans: Suitable for steady, long-term goals

Be mindful of limited returns, low liquidity, and higher premiums than non-par plans

India's GCCs too big to bill lightly: Backend hubs face tax claims

The big question: Are these companies paying their fair share of taxes in India? That question has triggered a series of tax disputes between foreign firms and Indian authorities

Will UK bring back tax-free shopping? What retailers demand from govt

Making purchases exempt from VAT could result in £3.65 billion ($4.9 billion) of additional spending by visitors from the European Union

CBDT unlikely to offer tax relief for foreign data centres soon: Report

Currently, foreign companies operating or leasing data centres in India may be taxed at a higher corporate rate of 35 per cent, compared to 22 per cent for domestic firms, according to Moneycontrol

Filing ITR 2025? Key tax breaks senior citizens must not overlook

Those who sold land or building must observe the recent changes to indexation benefits for calculating capital gains tax

India must clarify tax rules for aviation liftoff, says IATA DG Walsh

IATA Director General Willie Walsh calls on India to provide clarity on tax laws affecting foreign carriers and highlights concerns over airport charges to unlock aviation sector potential

India to restore tax refund benefits for exporters from June to boost trade

The benefits under the Remission of Duties and Taxes on Exported Products were introduced on January 1, 2021, but ended on February 5 this year

Weekend retreats or tax retreats? India's elite use farmland to save crores

High-net-worth individuals (HNIs) in India are increasingly investing in agricultural land and farmhouses to claim tax-exempt income under Section 10(1) of the Income Tax Act.

68% of IT workers missed out Rs 49,000 in tax savings-How to avoid mistakes

Nearly 2 out of every 3 professionals could've saved taxes through legal strategies. 1 Finance research shows that tax-saving potential wasn't uniform; it varied widely by income.

Insurance industry feels the blues as growth slows amid structural issues

Growth has slowed significantly in FY25 as both life and non-life segment report single digit growth, partly because of changes in reporting norms, as well as lower credit by NBFCs and MFIs