New draft Income Tax rules 2026 released: Simplified ITR forms,
focus on easier compliance - what common taxpayers should know
New Income Tax Rules 2026: The Income Tax Department on Saturday released the draft Income-tax Rules, 2026. These new rules will become effective from April 1, 2026, that is the start of the financial year 2026-27. There are several changes aimed at simplification in tax filing and ease of compliance in the new draft income tax rules 2026.
read moreIncome tax rule changes from April 1: 13 key updates you must
know
An important reform to India's tax system will take place on April 1, 2026, when the Income-tax Act, 2025, goes into effect. These modifications will have an impact on how people, companies, and investors calculate taxes, report income, and adhere to TDS/TCS regulations.
read moreLIC jumps on strong Q3 show; nine-month metrics steady
Life Insurance Corporation of India rose 6.45% to Rs 894.65 on Friday after the insurer reported a strong set of consolidated numbers for the December quarter.
read moreLIC launches special campaign to revive lapsed life insurance policies
Campaign running from January 1 to March 2, 2026, allows revival of lapsed individual policies with concessions on late fees, aimed at restoring insurance cover for policyholders
read moreRBI Has Declared These 3 Banks As The Safest In India
The RBI has identified SBI, HDFC Bank, and ICICI Bank as India's most systemically important financial institutions, terming them as Domestic Systemically Important Banks (D-SIBs).
read moreLIC Q2 results: Profit jumps 32% to Rs 10,053 crore; Net Premium Income rises 5.4%
LIC posted a 32% YoY profit jump to Rs 10,053 crore in Q2 FY26, with Net Premium Income rising 5.4% to Rs 1.26 lakh crore.
read moreLIC of India to launch 2 schemes from tomorrow — LIC’s Jan Suraksha, LIC’s Bima Lakshmi.
LIC is launching two new offerings for the domestic market, LIC namely LIC Jan Suraksha and LIC Bima Lakshmi, which will cater to different individual needs.
read moreRefund Delayed Even After ITR Processed? Here's What You Can Do To Fix It
Refunds may sometimes get delayed even after the return has been processed, and there are various reasons for this delay.
read moreMany property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaul
The Income-tax Act, 2025 (New Act) marked a historic shift from the Income-tax Act, 1961 (Old Act) by eliminating provisos and explanations, making substantive law clearer and more accessible. However, the Income-tax Rules continue to create procedural complexity and hardships for many taxpayers.
read moreBreaking The Myths: Why Life Insurance Is A Must For Every Stage of Life
India faces a life insurance protection gap of over 17 trillion dollars, with 83 percent underinsured.
read moreLIC sees ₹1,100 crore inflows after GST scrapping on traditional life insurance Policies
This surge released pent-up demand from customers. Industry sales had been lower earlier in anticipation of the tax change. Overall new business premiums grew, but policy numbers declined.
read moreLIC pays Rs 7,324 cr to Finance Minister as dividend for FY25
Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year.
read moreNo GST on life, health insurance premiums soon? Here's what it means for you
A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.
read moreITR marked invalid due to tech glitch? Income Tax Dept issues THIS big relief for taxpayers
The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns from various assessment years were wrongly invalidated due to system glitches.
read moreHow HNI NRIs should calculate their term insurance coverage
For high-net-worth NRIs, term insurance is crucial for securing their family's financial future, considering factors like inflation and global living costs. Indian insurers offer cost-effective policies with benefits like GST waivers, premium refunds, and worldwide coverage.
read moreGST cut on life, health insurance likely; relief for policyholders may be around the corner
The GST Council is expected to announce a significant tax cut on life and health insurance premiums in its upcoming meeting. The move could lower costs for policyholders and boost insurance penetration across India.
read moreYour income tax refund for AY 2025-26 is delayed? Experts explain new rule behind holding back ITR refunds
As ITR filing for AY 2025-26 picks up pace, reports suggest the government may delay issuing tax refunds until past assessments are cleared under Section 245. Experts warn this move could hurt honest and salaried taxpayers who rely on timely refunds for financial planning and liquidity.
read moreLife and health insurance mistakes even smart investors make
Common mistakes when buying insurance: Smart investors often make common mistakes when buying insurance — such as underestimating the importance of term insurance, relying solely on employer-provided cover, or prioritising lower premiums over policy features and claims support — which can result in inadequate coverage and financial vulnerability.
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