Standard Deduction
Social media says ‘this is a lie’ as Donald Trump claims largest tax refund season in US history
President Donald Trump has claimed the U.S. is seeing the largest tax refund season in history under his new tax law. While supporters welcomed the projected higher refunds, critics on social media disputed the claims, arguing key tax benefits are temporary and misleading.
4 min read19 Feb 2026Budget 2026: Will FM Nirmala Sitharaman make more income tax changes? What taxpayers expect
Budget 2026: Income tax cut always remains a hope for taxpayer during Union Budgets. On 1 February, FM Nirmala Sitharaman will present her ninth consecutive Budget. What's in store for taxpayers?
3 min read30 Jan 2026Budget 2026: What key tax reforms has FM Nirmala Sitharaman introduced in the last five years?
Ahead of Budget 2026, Finance Minister Nirmala Sitharaman's past budgets delivered tax relief up to ₹12.75 lakh for salaried individuals, introduced a simplified tax regime exempting incomes up to ₹7.75 lakh, and overhauled capital gains taxes on both short-and long-term gains.
2 min read27 Jan 2026The new Income Tax Act has not simplified tax, says CA Prakash Hegde
While the introduction of a new tax regime and revised capital gains taxation in India offers simplicity, complexities in compliance persist, requiring professional assistance for navigation.
2 min read1 Oct 2025Can you claim the amount of joining bonus refunded to your employer?
Can you claim the deduction? Tax Expert highlights how there are no provision under the income tax laws to allow any deduction in case joining bonus is to be refunded to the employer.
1 min read31 May 2025Time to delink investments from tax deduction limits and shift to efficient tax planning
With revised tax slabs and higher rebates, financial advisors should guide clients in evaluating which tax regime best suits their financial situation, moving away from deduction-driven decisions.
4 min read29 Apr 2025Are tax sops enough to make real estate investments appealing?
Rental yields offer better returns than most other investments because of the tax sops offered by the government.
6 min read26 Sep 2023ITR filing: Tax rules on income from house property that your should know
Income tax return: For computing taxable income, you are allowed to claim a standard deduction of 30% of the rent received by you
1 min read6 May 2023Want to pay less for an SUV? Lease through your employer
Tax deductions on such leases will help bring down the cost of a vehicle by at least 20-40%Car leasing allows an individual to use a vehicle for a specified duration by paying rentals regularly
5 min read19 Apr 2023The case for an inequality boom in India is greatly exaggerated
Income tax data offers no reliable proof of a divergence while fiscal transfers would likely have reduced our Gini coefficient
4 min read4 Apr 2023Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.