PERSONAL TAX SLABS
Why a 9% personal inflation rate could change your retirement corpus calculations
Equity can fall 30-40% in a bad year, so money needed in the next few years must never sit there. A conservative investor may hold less. Few can afford to hold none: avoiding equity swaps the risk of a temporary fall for the certainty of losing purchasing power.
Gold taxation explained: How much tax you pay on selling physical gold, ETFs, fund of funds and SGBs
Tax on capital gains from gold investment: Investing in gold can yield gains, but investors must be informed about the associated tax liabilities. Different types of gold investments, including physical gold, ETFs, and FoFs, have varying tax implications. Gold held for less than 24 months generates short-term capital gains, while long-term gains apply to gold held longer. Sovereign Gold Bonds (SGBs) have specific tax exemptions if held until maturity, which investors should note.
LTCG tax relief for these mutual fund investors proposed by SEBI; know how switching funds for portfolio rebalancing can save tax
The Securities and Exchange Board of India (SEBI) has put forth a proposal to exempt long-term capital gains tax for investors who switch mutual funds. This change if accepted by the government would enable individuals to adjust their portfolios without facing tax penalties, promoting more strategic reinvestment.
Physical gold vs gold ETF: Which can be more tax-efficient for investors?
During Diwali, many choose to invest in gold due to its cultural significance and potential financial returns. It's crucial to grasp the tax implications when deciding between physical gold and gold ETFs. Purchasing physical gold triggers GST and varied capital gains taxes depending on how long it's held. Conversely, gold ETFs offer more favorable conditions for capital gains. Investors need to weigh their goals to make the best choice.
Salons double festive makeover prices as Navratri demand surges, costs rise
Salons and services apps have increased their prices significantly due to a surge in demand for festive services. The rise in costs is attributed to factors including supply chain disruptions and high taxation. Consumers are booking elaborate packages for festivals like Navratri, resulting in doubled prices compared to last year. Chain salons and beauty platforms are expanding their offerings and pushing private labels during this festive period.
Class 9 students to learn income tax and personal finance under new NCERT curriculum
NCERT has introduced personal income tax in the Class 9 curriculum to enhance financial literacy among students. The textbook highlights the importance of paying taxes honestly and on time as a civic duty. Students will learn to calculate their tax liability using the new tax regime's slab system. Additionally, the chapter covers personal finance principles, including budgeting, saving, and protecting against risks.
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My NRI status changed. Will interest earned on my NRE FDs be taxable in India?
ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–26. While I was an NRI, I invested in fixed deposits through my NRE account, and these deposits are due to mature in FY27. Will the interest earned on these NRE fixed deposits be taxable in India?
Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuity
Tax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
Hybrid funds are booming: Why some advisers prefer them while others remain cautious
Tax efficiency and stability win some advisers over, but others fear giving up returns and control.
Can you save tax by gifting money to your HUF? How Section 99 changes the tax equation
Money or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax consequence for income generated from such property is different. This article explains why transferring self-acquired assets to an HUF does not provide the intended tax-saving benefit.
ETMarkets Smart Talk | Anthropic, SpaceX, US stocks: Viram Shah on how Indian investors can access global opportunities
The global investment opportunity set is getting wider for Indian investors. From high-profile AI companies such as Anthropic to blockbuster listings such as SpaceX, some of the world's most closely watched investment opportunities are now outside Indian markets.
States' revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: Crisil
Revenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking combined revenues past ₹44 lakh crore, according to Crisil Ratings. This financial expansion is driven primarily by a 12–13% rise in GST collections—supported by robust consumption and import gains—alongside an 11–12% increase in tax devolution from the Centre. Stable growth in liquor, petroleum, and stamp duty taxes will further reinforce state balance sheets.
Attempt to divert attention from backlash over UPI tax: Congress on govt's Parl panel claims
Congress denies supporting a parliamentary committee's report on UPI payment fees. The party accuses the government of diversion after a significant public backlash. Government sources claim Congress MPs backed a tiered Merchant Discount Rate framework. Congress MPs state no specific UPI tax proposal was discussed. The opposition demands a rollback of the UPI tax decision.
Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden
Retirement doesn't mean tax-free mutual fund income. Understand how capital gains, IDCW payouts, and SWPs are taxed. Discover strategies like leveraging rebates, choosing between Growth and IDCW, and planning withdrawals to minimize your tax burden and maximize post-retirement income. Plan wisely for a secure financial future.
How to get Rs 3 lakh/month from my Rs 2 crore EPF corpus?
ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can continue to earn interest on the balance for up to three years even without fresh contributions. What are the tax rules for this? My monthly expenses are Rs 3 lakh. I want to optimise returns and get steady income.
NRI can’t sell Indian property before October 1, 2026 if buyer does not have TAN; Know how to apply for TAN online
The TDS rulesfor NRIs say that there isno thresholdlimit for TDS deduction, whereas resident Indians get a threshold limit of Rs 50 lakh before TDS isrequired to be deducted. Also the TDS rate for NRIs depends on three factors. Read the article.
Budget 2026 unlikely to see a hike in personal income tax slab rate as govt bets on widening the base
India's direct tax strategy is shifting towards broader participation and better compliance, not rate hikes, according to the Economic Survey. Expect stability and fewer surprises for taxpayers in Budget 2026. The focus is on system clean-up and nudges over notices, encouraging voluntary compliance and simplifying tax administration for a growing taxpayer base.
Budget 2026 FAQs: How Sitharaman’s Budgets changed Income Tax slabs from 2019 to 2025, and what to expect this year
Union Budget 2025 introduced revised income tax slabs under the new regime, exempting income up to Rs 12 lakh. For salaried individuals, this limit extends to Rs 12.75 lakh with standard deduction. The budget also outlined new tax rates for incomes exceeding Rs 12 lakh, aiming for a more progressive system.
Salary expected to rise to Rs 14 lakh after appraisal this year? You won't be able to save much on tax
The budget announcement stating that an annual income up to Rs 12 lakh will be tax-free, with additional benefits for salaried employees, has been well received. However, higher raises may push individuals into increased tax brackets. The finance minister also announced an increase in the tax rebate under Section 87A to Rs 60,000, effective in the new tax regime.
Rs 1 lakh cr tax relief to taxpayers: Here's the income tax benefit at different income levels announced in Budget 2025
Income tax relief in 2025: The finance minister has announced an increase in the tax rebate under Section 87A to Rs 60,000 from Rs 25,000 under new tax regime currently. The change in rates and slabs will benefit all such assessees who opt for the new tax regime in the upcoming fiscal year 2025-26.
Budget 2024 highlights: Key income tax, personal finance announcements
Interim Budget 2024 key highlights: Let us take a look at the most important income tax and personal finance-related announcements made in the interim Budget 2024.
GoM weighs scrapping 12% GST slab
People aware of the development told ET that most of the members of the group were of the view that the 12% slab accounts for about 8% of total GST revenues and can be done away with.
FMCG players want Budget to focus on rural wages, job creation
The industry has sought incentives for setting up warehousing and cold chain facilities and efforts to increase Foreign Direct Investment (FDI) in the sector.
Budget 2016: FM's plan focused on taxation of retiral schemes
The much awaited and the much talked about Budget 2016 has been revealed by the Finance Minister (FM), Mr. Arun Jaitley.
Expect no big change in personal tax slabs in Budget 2015: Dhirendra Kumar, Value Research
"Last year’s budget was an incremental one. But some concessions were made: the 80C was enhanced and there was also some nominal tinkering of the tax slabs."
Union Budget 2010: New tax slab announcement unexpected, says Angel Broking
Dinesh Thakkar, CMD, Angel Broking, in a chat with ET Now talks about the tax slab in Budget.
Taxpayers may gain up to Rs 44,000 per year
The adjustment for the I-T slabs will help people in the high income category. Every assesse will save at least Rs 4000 post the rejig in income tax slabs.
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