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

The issue was denial of income-tax exemption to a statutory welfare board. The Court held that a subsequent government notification granting section 10(46) exemption resolved the dispute and nullified ...

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 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 ...

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 ...

Higher LTCG exemption, ₹1 lakh standard deduction, slab rationalisation, 80D inclusion under new tax regime and housing affordability are the major expectations in Union Budget 2026.

While large scale changes in tax rates are unlikely, the markets will look at some smart tweaking of tax rates ...