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Good news for SBI borrowers: Bank reduces these lending rate by 25 basis points after repo rate cut by RBI

Following RBI’s repo rate cut, SBI has also reduced its EBLR, or external benchmark lending rate, and RLLR (repo-rate linked lending rate). This will be effective April 15, 2025. While MCLR rates remain unchanged, read on to know more about…

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Modi government ended whatever sanctity tax administration system enjoyed: Congress

The Congress party alleges significant tax avoidance among India’s wealthiest, citing a paper by economist Dr. Ram Singh. It claims the Modi government has compromised the tax system’s integrity, suggesting that large donations to the BJP can lead to overlooking…

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GST on apartment maintenance not new, rule exists since 2019: Tax officials

Amid rising concerns and confusion among apartment residents, tax officials have clarified that the Goods and Services Tax (GST) on apartment maintenance charges is not a new rule.

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Cashfree Payments appoints Piyush Anchliya as CFO

Cashfree Payments has named Piyush Anchliya as its new CFO, tapping his 15 years of global expertise to steer financial strategy. The move comes as the company secures key RBI licenses and $53M in funding to fuel its next phase…

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Employees in their 40s most at risk during layoffs: Bombay Shaving Company CEO

Employees in their 40s are facing the highest risk during mass layoffs as they usually earn the highest salaries, according to Shantanu Deshpande, CEO of Bombay Shaving Company.

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Depreciating the Rupee can help counter any dumping by China going ahead: Saurabh Mukherjea

Saurabh Mukherjea suggests that China’s manufacturing advantage, stemming from artificially lowered costs, poses a challenge to democracies. He anticipates China will attempt to flood global markets, including India, necessitating currency depreciation as a countermeasure. Mukherjea believes that India, along with…

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  • ITR filing AY 2026-27: 5 key tax rules that intraday and F&O traders must know before filing returns

    ITR filing for AY 2026-27 requires intraday and F&O traders to report business income correctly using ITR-3. Check the latest disclosure rules, business codes, turnover reporting requirements, tax audit thresholds, filing deadline and common mistakes to avoid for smooth tax compliance.

  • 8th Pay Commission: Can salaries rise by over 60%? Here's how HRA, TA & DA proposals may boost pay for level 1 payments

    The 8th Pay Commission could significantly increase central government salaries if proposals on fitment factor, HRA, TA and DA merger are accepted. While estimates suggest a 60% rise in some cases, the government is yet to take a final decision.

  • ITR filings move at a slow pace as deadline nears: Expert explains why an extension beyond 31 July is unlikely this year

    With the July 31 deadline approaching, only a small percentage of taxpayers have filed their returns. Cleartax CEO Archit Gupta warns against assuming an extension this year, as slower filing rates could lead to increased pressure before the due date.

  • Income-Tax Returns: What is authorised representative? Check full list of circumstances, services, eligibility here

    Income-tax returns: Today we explain the circumstances under which taxpayers can appoint authorised representative, the requirements, eligibility criteria and other important factors.

  • ITR 2026: Senior citizens can claim ₹50,000 deduction even without health insurance —Here's how

    The income tax return filing deadline is approaching, prompting taxpayers to gather documents. Section 80D allows senior citizens without health insurance to claim up to ₹50,000 for medical expenses, available only under the old tax regime.

  • Bought US startup shares using overseas savings? Here's how India will tax it

    A returning NRI who invested overseas savings in a US startup may not face tax on the purchase itself, but discounted acquisitions and annual foreign asset disclosures can trigger tax and compliance obligations.

  • EPFO: Taxation rule on Voluntary Provident Fund — the ₹2.5 lakh VPF threshold, explained

    VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over ₹2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.

  • ₹17L tax refund denied after taxpayer missed ITR e-verification while caring for ill father: Here's what ITAT ruled

    A Delhi taxpayer was denied a ₹17 lakh tax refund due to the late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favour.

  • Tamil Nadu: 25% salary hike for TASMAC liquor outlet employees to curb overcharging — See how pay increases

    The Tamil Nadu state government has today hiked the salaries of employees working at its TASMAC liquor outlet by 25% with aim to bring in reforms — curb corruption and overcharging at these stores. Here's all we know…

  • HDFC Bank revises MCLR across tenures: Check latest lending rates and what they mean for your loan EMI

    HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.

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