Finance

Filing your ITR? Know the updated tax slabs and rules before filing your ITR

As per the new tax slabs, individuals with taxable income up to Rs 12 lakh get a full tax rebate under the new regime. Your entire income will be taxed slab-wise, if your taxable income exceeds Rs 12 lakh. The slabs are zero tax for the initial Rs 4 lakh, 5 per cent tax on Rs 4 lakh and Rs 8 lakh, 10 per cent on Rs 8 lakh to Rs 12 lakh, and 15 per cent on Rs 12 lakh to Rs 16 lakh, and so forth.

Jul 26, 2025

Simplified language in new Income Tax Bill a significant shift: FM Sitharaman

The Finance Minister also congratulated the Department for its commendable work in efficiently drafting the New Income Tax Bill, 2025 within the stipulated timeline. She appreciated that the Department is actively addressing the recommendations received from the Select Committee.

Jul 25, 2025

How to Apply for a Personal Loan in 2025: A Smarter, Faster Way with IDFC FIRST Bank

Applying for a personal loan in 2025 doesn't need to be complicated. With platforms like IDFC FIRST Bank offering a smoother, smarter approach, getting access to instant funds has become faster and more efficient than ever.

Jul 23, 2025

India to be 3rd-largest economy by 2028, to reach $10.6 trillion by 2035: Morgan Stanley

Embedded in this forecast is the likelihood that three to five states (Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh and Karnataka) will have an economy of nearly $1 trillion each, ranking in the top 20 global economies between 2030 and 2035, the report projected.

Jul 23, 2025

Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

Unemployment reduced from 6% to 3.2% in 6 years, inflation at record low: FM Sitharaman

Besides, the government had increased the disposable income of individuals by exempting annual incomes up to Rs 12 lakh (and Rs 12.75 lakh for salaried individuals with standard deduction) from income tax, the minister said.

Jul 21, 2025

FM Sitharaman kickstarts more than Rs 1,000 crore projects in Meghalaya

Speaking during an Integrated Public Programme at the LARITI - International Centre for Performing Arts and Culture here, FM Sitharaman lauded Meghalaya's steady growth and bold vision under the leadership of the CM Conrad K. Sangma.

Jul 11, 2025

UPI impact: India now makes faster payments than any other country, says IMF

UPI has transformed the digital payments landscape in India. Evidence from the platform suggests that interoperability can improve users' experience of digital payments and expand overall adoption.

Jul 11, 2025

Collaboration between NBFCs and banks needs to be institutionalised: FM Sitharaman

Addressing the 'NBFC Symposium 2025' here, she said NBFCs have emerged as an important source of credit for segments that have historically been underserved or excluded.

Jul 10, 2025

FM Sitharaman discusses strategic partnerships with BRICS Finance Ministers

Finance Minister Nirmala Sitharaman, during her meetings with BRICS counterparts here, discussed issues of bilateral cooperation, including cooperation in multiple sectors to further strengthen strategic partnerships, according to an official statement.

Jul 6, 2025

Tax benefits available under NPS will apply to UPS: Finance Ministry

The inclusion of the UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for Central government employees through transparent, flexible and tax-efficient options, the Finance Ministry said.

Jul 4, 2025

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

How Jane Street rigged Indian stock market to make Rs 43,000 crore in options profits

The regulator found that between January 1, 2023, and March 31, 2025, Jane Street entities booked staggering profits of Rs 43,289 crore, largely from Bank Nifty options.

Jul 4, 2025

India curbs jute imports from Bangladesh as dumping hurts local farmers and mills

These restrictions will apply to imports into India of Bangladesh jute and allied fibre products across all land and seaports, with the exception of the Nhava Sheva seaport, according to an official statement.

Jun 28, 2025

How to link your PAN card with your Aadhaar card online

Key financial changes coming in July: From Aadhaar-PAN rule to new bank charges

From July 15, the MAD will now include total GST, EMI amount, all fees and finance charges, 2 per cent of the outstanding balance, and any overlimit amount. This is a shift from the earlier method, which took either 5 per cent of certain charges or 100 per cent of finance charges -- whichever was higher -- along with other fees.

Jun 27, 2025

Why Term Insurance is Still the Smartest Choice?

A term insurance plan offers many benefits, like fixed coverage, easy terms, and affordable premiums. It helps secure the family's financial future if the policyholder passes away during the policy term.

Jun 26, 2025

Home purchases turn more affordable after RBI rate cuts: Report

According to the Knight Frank Affordability Index, Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 18 per cent, followed by Pune at 22 per cent and Kolkata at 23 per cent.

Jun 24, 2025

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