The finance minister presented the Union Budget 2026 today. While this year’s budget did not tinker with the tax slabs under the old or the new tax regime, it did have a bit of good and bad news depending on your investments and expenses. Let’s look at some of the key announcements in Budget 2026.… Continue Reading
If you file returns under the new tax regime, if your annual income is up to Rs 12 lacs, then you do not have to pay any taxes. That is a major concession. Now, assuming you are retired, and your only source of income is house rent, you can earn a fair amount of rental… Continue Reading
The Union Budget 2025 brought huge relief to middle class taxpayers by changing tax slabs and reducing tax rates. Further, the income up to Rs 12 lacs was made tax-free through rebate under Section 87A. Amidst this excitement, you may have missed an important change for taxpayers with multiple houses. In this post, let us… Continue Reading
The Finance Minister has offered huge relief to taxpayers in the Union Budget 2025. This is something many middle-class taxpayers had been craving for. Let’s check out the major highlights of Union Budget 2025, including the relief to middle class income taxpayers. Pay No Taxes for Income up to Rs 12 Lacs Yes, you heard… Continue Reading
The Finance Minister presented an action-packed budget today with a number of changes on the personal taxation and capital gains front. Here are the important changes. #1 Increase in Capital Gains Tax (Negative) Long term capital gains (LTCG) tax on sale of stocks/equity funds has been increased from 10% to 12.5%. The exempt LTCG limit… Continue Reading
Have you taken a loan from your employer at a concessional rate of interest? As I understand, such arrangements are quite common for bank employees. The banks offer loans at a concessional rate to their employees. This could result in significant interest savings for the employees, especially for long tenure loans. However, as per the… Continue Reading