The new tax framework will be finalised after the Union Budget on February 1, 2026. Legal and procedural changes have clarified how taxable income, deductions and credits are computed.

It seems that the proposed Income Tax Bill, 2025, has made a minor change in language with the residential status clause. Earlier, Indians who moved abroad ‘for the purpose of employment’ enjoyed a ...

Wedding gifts and income tax in India: In India, weddings are not just ceremonies; they are big celebrations filled with joy and traditions. Families and friends come together to celebrate the special ...

In India, health insurance isn’t just a safety net for medical emergencies—it’s a smart way to save on taxes. One of the most beneficial provisions in the Income Tax Act is Section 80D, which allows ...

As India awaits the Union Budget 2026, taxpayers are keenly watching for possible changes in income tax rules.