Budget 2026-27 keeps income tax slabs unchanged. Both Old Tax Regime and New Tax Regime remain, with the new regime as default and Rs 12 lakh income effectively tax-free.

The article analyses proposals to expand tax-free income and rationalise slabs, arguing that higher thresholds would better ...

Health insurance in India enables NRIs to cover family members and claim tax deductions on Indian income. It offers affordable premiums, local claims convenience, and financial security alongside medi ...

A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a ...

For NRIs, buying health insurance in India is now a smart financial planning move, helping secure care for elderly parents, ...

One of the main ways the government raises money is through taxes, which also have a big impact on a nation's economic growth. In India, public welfare initiatives including infrastructure development ...

A salaried taxpayer who wrongly claimed ₹10.65 lakh in Chapter VI-A deductions for AY 2022-23 ended up paying a 200% penalty after the Income Tax Appellate Tribunal upheld the action for "misreporting ...

If you earn ₹50 lakh or more annually, beware. The Income Tax Department is sending notices to such individuals en masse, ...

Expert Balwant Jain's urgent checklist: Balwant Jain has explained that every employer provides the benefit of basic ...

The agency still offers a Free File program that works with commercial tax software firms. Some companies also offer free tools for certain filers.

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making ...

Filing your income tax return can be, for many, a dreaded annual task. And paying to file unnecessarily can only add insult to injury. Still, many eligible filers fail to take advantage of a free ...