As per the existing income tax rules, salaried employees in only four metro cities of Delhi, Mumbai, Kolkata and Chennai are ...

Experts say raising allowance exemptions, tilts incentives towards old regime for allowance-heavy salaried employees, though ...

Income Tax Department unveils new Income Tax Act, 2025 rules with simpler returns, higher exemptions, and streamlined compliance for taxpayers in India.

New income tax rules raise meal, gift, and mobility allowance exemptions from April 1, boosting take-home pay and simplifying employee benefits.

The government plans to widen HRA tax benefits by adding more cities to the 50 per cent exemption list, offering relief to salaried urban renters.

Draft Income-tax Rules 2026 propose raising the meal voucher exemption to Rs 200 per meal, allowing salaried employees to claim up to Rs 1.05 lakh tax-free annually, subject to regime rules.

THE Philippines could generate more revenues by gradually removing major value-added tax (VAT) exemptions, phasing out income tax holidays and adopting an emissions trading system (ETS), according to ...

Before you claim a key deduction, make sure you qualify.

SCSS is a government-backed small savings scheme designed for senior citizens to keep their finances steady after retirement.

The recent proposals in the Income Tax Rules enhance education and college hostel allowances and reclassify cities for HRA purposes. These changes may entice salaried individuals to reconsider the old ...

The government’s draft of the new Income Tax Rules, released on February 7, 2026, could significantly alter how salary income is taxed in India. The proposed changes focus on revising exemption limits ...

Taxable income is determined by starting with gross salary, as per the salary slip, and applying regime-specific exemptions ...