income tax

MS Dhoni emerges as highest individual taxpayer across Bihar-Jharkhand as total collection touches Rs 20,000 crore

May 08, 2026 5:27 pm

The information was shared on Thursday by Principal Chief Commissioner of Income Tax (Bihar-Jharkhand), Dr D Sudhakara Rao, during a media interaction in Ranchi.

New Financial Year 2026-27 | SBI card rewards to RuPay lounge access: Major banking rule changes starting April 1

April 01, 2026 3:41 pm

New Financial Year 2026-27 Rule Changes: Alongside this, the Central Board of Direct Taxes (CBDT) has introduced the Income-tax Rules, 2026 to align with the new framework.

What changes with the new Income Tax rules? All you need to know

March 26, 2026 5:35 pm

With higher allowance thresholds and streamlined deductions, tax experts are of the view that there could be a potential advantage for income earners under the old tax regime as against the new tax regime, especially for middle-income earners.

New I-T Rules: Benefits for meal vouchers to EVs, higher HRA limit for four more cities

March 20, 2026 11:56 pm

Hike in thresholds for quoting PAN for deposits, withdrawals, car purchases, property transactions

Draft income tax rules: Hike in threshold for quoting PAN for cash deposits, hotel bills, property transactions

February 10, 2026 6:42 am

CBDC included in list of electronic mode of payments, new reporting norms for crypto exchanges

From SMS to graded e-mails, Govt’s tax ‘nudge’ makes a mark

February 10, 2026 11:49 am

The I-T department is now analysing data to find out what kind of “nudging” worked best. “We send three types of emails — some softly worded, some more pointed.

Income Tax Slabs Budget 2026: Foreign travel cheaper, F&O trading expensive

February 01, 2026 2:22 pm

Tax Union Budget: The government has proposed that small taxpayers can disclose their foreign assets as part of a one-time six-month scheme.

Why Budget 2026 must simplify TDS to ease cash flow pressures

January 28, 2026 3:02 pm

With TDS contributing nearly 42% of India’s tax collections, the government has begun simplifying the withholding tax system through higher thresholds and removal of overlapping provisions.

Aadhaar PAN Link Deadline Today LIVE Updates: Steps, Penalty, Status Check on Income Tax Portal

December 31, 2025 3:22 pm

Aadhaar PAN Card Link Last Date Today LIVE Updates: Follow updates on how to link PAN with Aadhaar, penalty if not linked, status check steps, and direct official links on incometaxindiaefiling.gov.in and incometax.gov.in.

PAN-Aadhaar link status: Step-by-step guide to check online

December 28, 2025 4:55 pm

PAN-Aadhaar Link Status Online: If you do not link your PAN with Aadhaar within the given time, your PAN will become inactive from January 1, 2026.

Explained: Here's how the Modi govt budgeted for elections

June 22, 2020 6:03 pm

Budget 2019: Indian Express Rural Affairs Editor Harish Damodaran and Consulting Editor Shaji Vikraman take a deep dive and explain fine prints of the Union Budget presented by Finance Minister Piyush Goyal in Lok Sabha today.

Budget 2019 could give tax reliefs to make it popular

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, says that the upcoming Vote on Account could give multiple personal tax concessions in order to make it a popular. She explains what can be expected on February 1.

Budget 2019 could give tax breaks for home buyers, rented properties

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains what can be expected in the upcoming Vote on Account to make it a populist one.

Budget 2019 could raise basic tax exemption limit to Rs 3 lakh

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.

I-T Department Raids Karnataka Energy Minister's Residence

June 22, 2020 6:57 pm

I-T Department To Have A CPC For Scrutiny of Income Tax Cases

June 22, 2020 6:57 pm

Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 3)

February 29, 2016 4:47 pm

New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.

Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 1)

February 29, 2016 4:45 pm

New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.