7th Pay Commission recommends 2-fold hike in Military Service Pay

The 7th Pay Commission has recommended more than doubling the 'Military Service Pay' to defence personnel, and suggested that Short Service Commissioned Officers should be allowed to exit the Armed......

No tax on income up to Rs 7 lakh, surcharge cut to 25%

Finance minister Nirmala Sitharaman on Wednesday announced no tax for those with annual income of up to Rs 7 lakh under the new tax regime but made no changes for those who continue in the old......

'More than a majority will shift to new tax regime'

'TDS rates are not dependent on which scheme you are in.''TDS rates would not be impacted irrespective of the scheme either old or new regime chosen by taxpayers.' Illustration: Uttam......

Juggling HRA, loan benefits? Read this

Among all income tax doubts, the issue of House Rent Allowance (HRA) going hand in hand with housing loan deductions seems to vex employees the most. Let's examine this. Vinayak Rege, who is......

To claim or not to claim -- The HRA and home loan dilemma!

Ajit, currently employed with Company A, is staying in a rented apartment in Mumbai and has bought himself a property in Chennai for which he has taken a home loan. He finds himself in a dilemma......

Wimbledon's new roof gets stamp of approval

It was blustery, cold, cloudy and drizzly over southwest London -- just the kind of weather fans had prayed for on Sunday when Wimbledon unveiled its new multi-million-dollar retractable roof over......