Leave encashment received on retirement is not taxable if it is a central/ state government or local authority employee.

The Supreme Court refused to interfere with the High Court’s decision dismissing a revision filed after nearly seven years. It affirmed that unexplained and excessive delay defeats relief under ...

Finance Bill, 2026 updates income-tax return rules for reassessment under Section 148, adds a 10 percent levy and clarifies ...

Budget 2026 significantly softens penalties for income tax defaults. The jail term for failing to file ITR with tax exceeding ...

The Court held that failure to upload the prescribed form cannot defeat a tax benefit when the option was clearly exercised in the return. Procedural lapses were directed to be regularised under ...

The Union Budget 2026, presented by FM maintains the existing income tax slabs but introduces a structural change, the Income ...

Union Budget 2026 maintains the existing income tax framework, with the new regime offering tax-free income up to Rs 12 lakh for individuals. While the old regime continues with its deductions, the ...

Ahead of the Union Budget 2026, here’s a clear breakdown of current income tax slabs under the new and old regimes.

All eyes are on Part B (taxes) of FM Nirmala Sitharaman’s Budget speech today. This is where the announcements that affect ...

How Budget 2026 impacts middle-class taxpayers in 5 key ways. From income tax relief to TCS cuts and revised return rules, ...

Union Budget 2026 keeps income tax unchanged, boosts education and health allocations, promotes women entrepreneurship and ...

Union Budget 2026–27 is expected to keep income tax reforms in focus as FM Nirmala Sitharaman presents her ninth Budget on February 1. With nil tax up to Rs 12.75 lakh already in place, taxpayers are ...