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Resident senior citizens without health insurance can claim a deduction of up to Rs 50,000 on eligible medical expenses, and the same benefit is available to taxpayers paying medical bills for uninsured senior citizen parents. While Section 80D of Income Tax Act is best known for offering tax deductions on health insurance premiums, it also…
The income tax return (ITR) filing season for FY 2025-26 (AY 2026-27) is underway, with the deadline for most individual taxpayers set for July 31, 2026. While the new tax regime is the default option, eligible taxpayers can still choose the old tax regime if it helps them save more tax. Here’s a simple guide…
Last Updated:May 31, 2026, 06:59 IST Centre revises export duties from June 1, petrol at Rs 1.5 per litre, diesel at Rs 13.5, ATF at Rs 9.5, only for exports. Domestic excise on fuel remain unchanged. Centre Reviews Fuel Export Levies Again as West Asia Tensions Persist The Central government has revised export levies on…
Finance Minister Nirmala Sitharaman unveiled a clean‑up of India’s direct tax framework, announcing a new foreign asset disclosure scheme, a decriminalised prosecution regime and staggered filing timelines as part of the Union Budget 2026. The moves aim to ease compliance for small taxpayers and reduce friction in India’s decade‑old income tax architecture ahead of the…
Last Updated:January 31, 2026, 9:16 PM IST Finance Minister Nirmala Sitharaman is all set to present her record-breaking ninth consecutive budget on February 1 As the Finance Minister rises to address the Lok Sabha at 11am on Sunday, the challenge will be to prove that India can maintain its status as the world’s fastest-growing large…
Last Updated:January 16, 2026, 05:35 IST Sophie Rain, who reportedly earned millions last year, dismissed James Fishback’s move as a blatant ‘clout grab’ According to Fishback, the proceeds from this targeted tax would be diverted towards increasing public school teacher salaries, improving the quality of school lunches, and funding crisis pregnancy centres. (Photo: X) A…
According to the Ministry of Finance, the meeting took place in the presence of the Minister of State for Finance, Pankaj Chaudhary, on the sidelines of the 18th Global Forum Plenary and Associated Meetings, being held in New Delhi from December 2 to 5, 2025. |Last Updated: Dec 02, 2025, 05:27 PM IST|Source: YEARS Source…
Hindi News Business Income Tax Return : Those With 5 10 Lakh Income Increased 3 Times In 3 Years New Delhi13 minutes agoAuthor: Gurudutt Tiwari copy link A reverse trend is being seen due to increase in income tax exemption by the Central Government. After the increase in income tax exemption, there was a fear…
New Delhi: Amid the ongoing festive season, the Union government has released an additional tax devolution of Rs 1,01,603 crore to state governments, the Finance Ministry said on Wednesday. This is an additional amount to the normal monthly devolution, which is scheduled to be released on October 10. According to the ministry, the decision was…
ITR Filing Deadline 2025 Extension Live Updates: Today is the ITR filing last date for the assessment year 2025-26. Tax professionals and bodies are urging the income tax department to extend the deadline. However, the income tax department has clarified that the current September 15 deadline remains intact and warned taxpayers against a fake message…