Income Tax Deduction from Salaries in Financial Year 2024-25 Under Section 192 – A Complete Guide Understanding income tax deductions from salaries is crucial for both employers and employees. The Income Tax Act, 1961, under Section 192, governs how tax is deducted at source (TDS) from salaried individuals. The Financial Year 2024-25 brings several amendments, including revised tax slabs, exemptions, and deductions introduced through various Finance Acts. This guide will simplify the latest tax provisions […]

Tuhin Kanta Pandey Appointed SEBI Chairperson for a Three-Year Term The Government of India has appointed Tuhin Kanta Pandey as the new Chairperson of the Securities and Exchange Board of India (SEBI) for a three-year term, succeeding Madhabi Puri Buch. The appointment was confirmed by the Appointments Committee of the Cabinet (ACC) through an official notification on February 27, 2025. Who is Tuhin Kanta Pandey? Tuhin Kanta Pandey is a highly experienced finance bureaucrat with […]

New Income Tax Bill 2025: A Step Towards Simplification The Income-Tax Bill 2025 was recently introduced in the Lok Sabha on February 13, 2025, aiming to replace the Income-Tax Act, 1961. Unlike the Draft Direct Taxes Code Bill of 2009, this bill does not bring drastic reforms, introduce new taxes, or create uncertainties for taxpayers. Instead, it streamlines the existing tax laws by restructuring and removing outdated sections, making the Income-Tax Bill 2025 almost half […]

IFSCA Fund Management Regulations 2025: A Comprehensive Guide The International Financial Services Centres Authority (IFSCA) has introduced the Fund Management Regulations, 2025, aimed at streamlining and enhancing fund management activities within International Financial Services Centres (IFSCs). These regulations provide a structured framework for fund managers, alternative investment funds (AIFs), portfolio managers, and collective investment schemes (CIS), ensuring greater transparency, efficiency, and compliance in fund management operations. Key Objectives of the Fund Management Regulations, 2025 The […]

Amendment to SNRR Accounts Regulations: Enhancing IFSC Transactions The International Financial Services Centres Authority (IFSCA) has issued an important amendment to the circular dated January 29, 2025, regarding permissible transactions through Special Non-Resident Rupee (SNRR) accounts of IFSC Units. This revision aims to improve the regulatory framework, facilitate seamless transactions, and strengthen India’s position as a global financial hub. Understanding SNRR Accounts and Their Importance Special Non-Resident Rupee (SNRR) accounts are a vital part of […]