Taxes News
Golden tax window for NRIs: What RNOR means and how to use it
Planning a move back to India? The resident but not ordinarily resident (RNOR) status can shield your global income from Indian tax—if you manage it right.
6 min read21 May 2025Do foreign social security contributions qualify for tax relief?
Foreign social security contributions may not form part of taxable salary in India if certain legal conditions are met, including the absence of vested rights and mandatory contributions by law.
3 min read19 May 2025ITR filing: Why you shouldn’t rush to file taxes as soon as the portal opens
Experts recommend that taxpayers should wait until 15 June. Here's why
4 min read16 May 2025What are the tax benefits of taking a home loan?
Under the old tax regime, a home loan taken for a self-occupied property is eligible for a deduction of ₹1.5 lakh per annum on principal repayment and ₹2 lakh per annum on interest.
2 min read13 May 2025Will cross-border crypto gifts trigger Indian taxes?
Crypto gifted to non-residents like NRIs sits in a legal grey zone, as Indian tax law lacks clarity on cross-border digital asset transactions.
2 min read12 May 2025Mint Explainer: Online gaming’s future—and its past taxes—hinge on this Supreme Court battle
The gaming industry is fighting over retrospective GST penalties. What does the Supreme Court’s decision mean for its future? Mint explains.
6 min read8 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 2025Will my foreign salary be taxable in India?
If you reside in India for work for more than 182 days in a fiscal year, you become a resident. But if you have been a non-resident in India in nine out of the 10 preceding fiscal years or have been in India for 729 days or less during seven preceding fiscal years, you qualify for RNOR status.
2 min read28 Apr 2025Why you should save tax on education loans
Mint Money Shots discusses how education loans offer tax benefits like full interest deduction and lower TCS rates on foreign remittances, easing financial burdens. These provisions enhance access to quality education both in India and abroad.
3 min read23 Apr 2025New tax regime: Can presumptive taxation make business incomes up to ₹2 crore tax-free?
Small businesses and professionals with turnovers up to ₹2 crore and ₹24 lakh see an opportunity to pay zero tax through the presumptive taxation option under the new regime.
6 min read16 Apr 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared