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Daily news for TNPSC and other Tamil Nadu exams — short, exam-focused, in Tamil and English.
India's direct tax buoyancy has remained above 1 for the third consecutive financial year, standing at 1.39 in 2024-25. The ratio was 1.27 in 2022-23 and 1.48 in 2023-24. Tax buoyancy measures how fast direct tax revenue...
IntroductionParliament cleared the Taxation and Other Laws (Amendment) Bill, 2026 during the Monsoon Session on 10 August 2026. One of the most notable aspects of the passage was a clarification from Finance Minister Nir...
IntroductionIn a deeply structural and highly massive financial administration reform, Union Finance Minister Nirmala Sitharaman strictly and officially outlined the fierce absolute 5Rs of Responsive Tax Governance, forc...
IntroductionIn a deeply structural and highly massive economic revelation based on Income Tax Returns (ITR), India strictly and officially recorded a fierce massive surge in ultra-high-income individuals, with the absolu...
Fintech firm EnKash has introduced India's first meal card that works through the Unified Payments Interface (UPI). Employees holding the card can pay for food directly from their meal card balance by scanning eligible U...
IntroductionIn a deeply structural and highly massive celebration of fiscal administration, India strictly and officially observed Income Tax Day (Aaykar Diwas) on July 24, 2026, forcefully marking the 166th anniversary...
The Income Tax Department has introduced 'Kar Saathi', a chatbot platform powered by Artificial Intelligence (AI). The tool guides taxpayers through routine tasks such as filing tax returns, meeting compliance requiremen...
Income Tax Act 2025: Streamlining the Direct Tax LandscapeThe Income Tax Act, 2025, has officially come into effect from April 1, 2026, completely replacing the six-decade-old Income Tax Act of 1961. This historic reform...
The Government of India has launched PRARAMBH 2026, a nationwide awareness drive on the Income Tax Act 2025, which comes into force on 1 April 2026.PRARAMBH stands for Policy Reform and Responsible Action for Mission Vik...
Overview Following the presentation of the Union Budget 2026–27, the government introduced several tax reforms aimed at simplifying the tax system, improving compliance, and boosting economic activity. The changes focuse...
Overview Presented on February 1, 2026, the Union Budget for the fiscal year 2026-27 focused on a seven-sector manufacturing scale-up and the creation of 'Champion SMEs' to drive India toward its 2047 vision. The budget...
OverviewFollowing the expiration of the final deadline on December 31, unlinked PAN cards have been rendered inoperative starting today. This move by the Income Tax department aims to curb tax evasion and ensure data int...
