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New Delhi: The National Pension System (NPS) remains one of the most tax-efficient retirement savings options for salaried individuals and self-employed taxpayers in India. Whether you opt for the old tax regime with deductions or the new simplified regime, NPS contributions can help you reduce your tax liability while building a retirement corpus. Tax Saving…
New Delhi: A social media post is going viral that claims that any bank transaction exceeding Rs 10 lakh will be taxed @85 percent. A post is being circulated by an Instagram handle manjju.choudhary. Fact-checking agency PIB has refuted the social media claim. PIB has stated that the claim being made in this post is…
Last Updated:December 26, 2025, 2:34 PM IST From April 1, 2026, the Income Tax Act, 2025 will replace the old law, offering no tax up to Rs 12 lakh under the new regime, stable GST rates, and a focus on customs duty reforms No tax on income up to Rs 12 lakh: Public tax relief…
New Delhi: A social media post is going viral that claims, from 1st April 2026, the Income Tax Department will have the authority to access your social media, emails, and other digital platforms to curb tax evasion. A post is being circulated by an X handle IndianTechGuide. Fact-checking agency PIB has refuted the social media…
New Delhi: Amidst confusions of taxpayers regarding auto generated emails related to mismatch in their Annual Information Statement (AIS), the Income Tax Department has clarified that such communication is ‘just an advisory’. The Tax Department in a post on X has acknowledged that some references have come to the notice of the Income Tax Department…
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday said it is launching the second ‘NUDGE’ campaign, under which SMSs and emails will be sent to high-risk taxpayers, advising them to review and revise their income-tax returns on or before December 31, 2025 to avoid penal consequences. Analysis of the Automatic Exchange of…
New Delhi: The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, has confirmed that the reason for the delay in processing many income tax refunds for the assessment year 2024-25 is the heightened scrutiny of certain claims flagged by the system. He stated that refunds involving “high-value” or otherwise “red-flagged” deductions are under extra…
New Delhi: The Central Board of Direct Taxes (CBDT) has rolled out a new rule aimed at simplifying Income Tax Return (ITR) corrections and ensuring faster tax refunds for taxpayers. The notification, issued on October 27, 2025, empowers the Centralised Processing Centre (CPC), Bengaluru, to make quick corrections under Section 154 of the Income Tax…
New Delhi: Receiving an income tax notice can make any taxpayer anxious. But in most cases, these notices are triggered by small mistakes — mismatched data, missed income details, or incorrect claims. The good news? You can easily avoid such situations with a few careful steps. Here’s how you can keep your tax record clean…
New Delhi: Financial issues with government-linked services — such as delays in settling provident fund withdrawals, errors in pension payments or slow tax refunds — can be frustrating for individuals. Fortunately, the CPGRAMS (Centralised Public Grievance Redress and Monitoring System) offers a streamlined digital method to lodge such complaints, monitor their progress and request appeals…