Tag
India's July 31, 2026, income tax return deadline has not been extended, leaving late filers liable for fees and interest. Business taxpayers without an audit requirement have until August 31, while those needing a tax audit must file by October 31, 2026.
Pakistan's 2026-27 budget cuts income tax rates for salaried earners between Rs2.2 million and Rs7 million, abolishes super tax for incomes under Rs500 million, slashes business-class travel excise duty, and reduces customs duties on 92 tariff lines.
Finance Minister Muhammad Aurangzeb presented Pakistan's Rs18.8 trillion federal budget for FY2026-27 in the National Assembly, targeting 4 percent GDP growth and cutting income taxes across four salary slabs.
CBDT has identified its top 10,000 arrear cases, representing Rs 2.57 lakh crore in outstanding tax demand, as its primary collection target for FY27. The department will also track top advance-tax payers and scrutinise potential misuse of exemptions and deductions.
High-earning executives are electing to defer up to $300,000 in compensation past December 31st to avoid the 37% federal marginal rate and let pre-tax dollars compound tax-free inside nonqualified deferred compensation plans. The strategy's value is directly tied to the spread between current and future effective tax
The federal 'no tax on tips' policy, designed as a wage benefit for service workers, may inadvertently boost mortgage eligibility for roughly 4 million tipped employees. By raising effective qualifying income without changing gross wages, the provision could lower debt-to-income ratios and expand homeownership access.
Tag
India's July 31, 2026, income tax return deadline has not been extended, leaving late filers liable for fees and interest. Business taxpayers without an audit requirement have until August 31, while those needing a tax audit must file by October 31, 2026.
28d ago · 3 min · Policy & Government
Pakistan's 2026-27 budget cuts income tax rates for salaried earners between Rs2.2 million and Rs7 million, abolishes super tax for incomes under Rs500 million, slashes business-class travel excise duty, and reduces customs duties on 92 tariff lines.
1mo ago · 5 min · Policy & Government
Finance Minister Muhammad Aurangzeb presented Pakistan's Rs18.8 trillion federal budget for FY2026-27 in the National Assembly, targeting 4 percent GDP growth and cutting income taxes across four salary slabs.
1mo ago · 5 min · Policy & Government
CBDT has identified its top 10,000 arrear cases, representing Rs 2.57 lakh crore in outstanding tax demand, as its primary collection target for FY27. The department will also track top advance-tax payers and scrutinise potential misuse of exemptions and deductions.
3mo ago · 2 min · Policy & Government
High-earning executives are electing to defer up to $300,000 in compensation past December 31st to avoid the 37% federal marginal rate and let pre-tax dollars compound tax-free inside nonqualified deferred compensation plans. The strategy's value is directly tied to the spread between current and future effective tax
4mo ago · 1 min · Economy
The federal 'no tax on tips' policy, designed as a wage benefit for service workers, may inadvertently boost mortgage eligibility for roughly 4 million tipped employees. By raising effective qualifying income without changing gross wages, the provision could lower debt-to-income ratios and expand homeownership access.
4mo ago · 1 min · Policy & Government
— End of feed —