Income Tax

Draft Income Tax Rules 2026: Government pushes for clarity, faceless assessments and ease of compliance

Feb 07, 2026, 09:13 PM IST

Key features of the draft rules include a wider use of pre-filled income tax returns, clearer reporting thresholds, and an expanded faceless assessment mechanism.

NSE Q3 net profit falls to Rs 2,408 crore; PAT up 15%, total income rises 6% QoQ

Feb 06, 2026, 07:02 PM IST

Total income for the quarter fell 9% year-on-year to Rs 4,395 crore, primarily due to lower transaction charges. On a sequential basis, NSE’s performance showed improvement, with profit after tax rising 15% quarter-on-quarter and total income growing 6%, supported by higher trading volumes.

Russia’s energy tax revenues slump to lowest level since 2020, says geostrategist

Feb 06, 2026, 03:49 PM IST

Crucially, the revenue intake fell well short of the 576 billion ruble baseline needed to cover planned budget expenditures. As a result, Russia generated no additional oil and gas revenues for the month, a key metric for fiscal stability, the expert pointed out.

Crypto still unregulated, but under tax and enforcement radar: FinMin in Parliament

Feb 05, 2026, 06:50 PM IST

Replying in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said virtual digital assets, including cryptocurrencies and NFTs, are currently unregulated in India. However, the sector has been brought under FIU-IND oversight for anti-money laundering and counter-terror financing compliance.

Tax 2026: How salaried employees can legally pay zero tax on income up to Rs 14.66 lakh in FY2026-27

Feb 05, 2026, 03:59 PM IST

Salaried employees opting for the new tax regime can legally reduce their income tax liability to zero with the right salary structure. By optimising employer contributions to EPF and NPS, the zero-tax threshold can be pushed well beyond ₹12 lakh.

Budget 2026: PF trusts must meet EPF Section 17 norms to qualify for tax exemption; what does this mean

Feb 05, 2026, 02:33 PM IST

A key change concerns eligibility for tax exemption. Under the new framework, PF trusts will be recognised under the Income Tax Act, 2025, only if they are exempt under Section 17 of the EPF Act, 1952.

CBDT to roll out new I-T forms, rules and FAQs; clarity on what might remain changed from April 1

Feb 04, 2026, 07:12 PM IST

The government has clarified that income earned in FY 2025–26 will continue to be governed by the existing Income-tax Act, 1961, even though the new law becomes effective from April 1, 2026. This is significant because the assessment of FY 2025–26 income takes place in Assessment Year 2026–27, which coincides with the first year of the new Act.

Taxpayers to get simplified income tax regime from April 1 as Budget proposals, new I-T Act come into play

Feb 04, 2026, 06:21 PM IST

CBDT Chairman says 88% ITR filers moved to new income tax regime in AY 2025-26, expect more to join

Budget 2026: Tax rules kicking in from April 1 under new compliance framework; what taxpayers should note

Feb 04, 2026, 02:40 PM IST

Tax experts say the new rules will significantly influence how taxpayers file returns, disclose income, manage penalties and prosecutions, comply with TDS provisions and respond to tax notices in the coming financial year.

Union Budget 2026: Just 0.08% of companies earned two-thirds of India Inc's profits before tax

Feb 03, 2026, 07:38 PM IST

Their effective tax rate was at an all-time low of 18.85% in FY24, as per Budget 2026-27; more than 50% of companies were either loss-making or earned no profit in FY24

Budget 2026: Sometimes No News is Good news!

Feb 03, 2026, 07:47 PM IST

As the details unfold, a key takeaway for the common man is the steadiness of existing income tax slabs and rates.