In her budget speech, finance minister Nirmala Sitharaman announced that gains from buybacks for shareholders will be taxed as capital gains at their usual rates.

The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income levels starting at $500,000 in adjusted gross income for 2025 and the benefit ...

The Indian government has proposed significant reforms in income tax prosecution, cooperative society benefits, and IT sector ...

Union Budget 2026 highlights the new tax regime's advantage for salaried individuals. Lower tax rates under the new system offer significant savings compared to the old regime. While the old tax ...

Middle-class taxpayers hoping for tax relief in Budget 2026 were left wanting, as no new concessions were announced. Existing benefits under the new tax regime, including a Rs 75,000 standard ...

In the Union Budget 2026, the Section 87A tax rebate, given in Income Tax,remain unchanged, disappointing taxpayers who had ...

Finance Minister Nirmala Sitharaman announced tax benefits for cooperatives, extending profit deductions to cattle feed and cotton seed supply. Inter-cooperative dividend income will now be deductible ...

NPS subscribers hoping for more tax benefits from Budget 2026 were disappointed. Finance Minister Nirmala Sitharaman's speech ...

FM Nirmala Sitharaman's Budget 2026 includes tax exemption on motor accident claim interest, reduced TCS on overseas travel to 2%, and lower TCS for education and medical expenses under LRS. A new ...

The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.

Welfare Benefit Plans provide crucial benefits like life and health insurance; learn why employers find them attractive for ...