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......

Dear Nirmalaji: Reduce taxes on medicine, insurance

Illustration: Uttam Ghosh/Rediff.com   On Monday, February 1, 2021, Finance Minister Nirmala Sitharaman will present the Budget for Financial Year 2021-2022. Nirmalaji has asked us to send......

Don't have Form 16? You can still file your tax return

If a salaried employee does not possess Form 16, he can still file the I-T Return with the help of his salary slips and Form 26 AS. Illustration: Uttam Ghosh/Rediff.com The last date to file your......

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......