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Union Cabinet approves new Income Tax Bill to simplify and modernise tax system

The Union Cabinet has approved a new Income Tax Bill aimed at simplifying and modernising the tax system without introducing new taxes. The bill, effective from the financial year 2025-26, will reduce legal complexities, make compliance easier, and cut the…

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How Q-commerce can become a quick solution for India’s job problem

Q-commerce is poised to become a significant source of employment in India, generating hundreds of thousands of jobs, especially in Tier-2 cities. The sector offers competitive wages, contributing to workforce formalization, economic inclusivity, and rapid market growth estimated to reach…

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India to start monthly release of unemployment figures in April, govt official says

INDIA-ECONOMY-India to start monthly release of unemployment figures in April, govt official says

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Infosys lays off nearly 700 freshers from Mysuru campus, claims IT employees’ union

IT giant Infosys has laid off nearly 700 freshers from its Mysuru campus, IT employees’ union Nascent Information Technology Employees Senate (NITES) claimed on Friday.

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Back in the game: FMCG & auto sales point to green shoots

Consumer goods sales and vehicle registrations in India have shown improvement, with rural demand outpacing urban areas. This positive economic trend comes ahead of the RBI’s monetary policy announcement and may be further boosted by upcoming tax relief and consumer…

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Hyundai Motor Group restricts use of DeepSeek among employees

Hyundai Motor Group has restricted its employees from accessing DeepSeek, a Chinese generative artificial intelligence (AI) service, amid concerns over potential data leaks, according to sources on Friday.

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8th pay commission to close job vacancies for consultant roles in August — Check eligibility, salary and other details
8th CPC: The 8th pay commission has invited eligible candidates to fill vacancies for consultant roles. Here are details on job openings, qualifications required, salary and the deadline for applications.
EPFO portal now offers two ways to transfer your PF balance after changing jobs — here's the entire process
The EPFO member portal now allows salaried employees to transfer their EPF balance from previous employers to current ones more easily, aiming to reduce paperwork. Here's how the process works and what all you need to know.
DA hike: Amid expectations of dearness allowance increase in July, here's a look at the past announcements
DA hike: Amid expectations that the Indian government will announce dearness allowance increase in July 2026. we take a look at the trend of past DA hike announcements during the 7th central pay commission.
ITR filing 2026: If your income exceeds ₹1 crore, this disclosure is mandatory
Taxpayers earning over ₹1 crore must file additional disclosures about assets and liabilities under Schedule AL when submitting their income tax returns. Details here.
Pension rules: Orissa HC says government employees can't lose pension over leave alone
The Orissa High Court has ruled that unauthorised absence from work, by itself, is not grave misconduct that justifies compulsory retirement or denial of pension. The court restored a railway employee's retirement benefits after finding the punishment disproportionate.
Nasdaq 100 tops 20-year returns at 21%; Nifty Midcap leads Indian markets: Which investment created more wealth?
The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.
EPFO centralised database migration: Single portal for claims, digital interface, CITES project — Key features explained
The Employees' Provident Fund Organisation (EPFO) has this month migrated entire member database to the Centralised IT Enabled Services (CITES) project. The overhaul of its digital infrastructure aims to make services faster, transparent and more citizen centric.
Received money, shares or property as a gift? It may be tax-free, but here's when you will have to pay tax
Gifts from family can be tax-exempt, but not always. Tax treatment varies based on the giver, value, and occasion. Here's when a gift is tax-free when it becomes taxable.
Quant Small Cap Fund portfolio: Reliance Industries among 9 stock exits, 5 new additions in June
Quant Small Cap added five new stocks to its portfolio in June while making complete exits from nine companies, including Reliance Industries. The fund also sharply increased holdings in RBL Bank, Sona BLW Precision Forgings and Anand Rathi Wealth while trimming exposure to several existing stocks.
Who is an NRI for income tax purposes? Know the conditions under which ITR filing is required in India
Living abroad does not automatically exempt NRIs from filing an ITR in India. Tax filing depends on residential status, income earned from Indian sources, and other conditions such as salary, rent, capital gains, business income, TDS refunds, and DTAA claims.