The Central Board of Direct Taxes (CBDT) has increased the Cost Inflation Index (CII) for the financial year 2026-27 to 384, up from 376 in FY2025-26.
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The Central Board of Direct Taxes (CBDT) has increased the Cost Inflation Index (CII) for the financial year 2026-27 to 384, up from 376 in FY2025-26.
The fitment factor is the mechanism through which the existing basic salary of central government employees is adjusted during pay revisions.
Estimated HRA for Level 14-17 officers could rise sharply if the 8th Pay Commission adopts a 2.28 fitment factor, though the final multiplier remains undecided.
With the deadline approaching, taxpayers are advised to avoid waiting until the last minute to reduce the risk of technical glitches or filing errors.
The calculator has been designed to improve transparency in pension fund performance evaluation, enable informed comparison between pension schemes, and help subscribers understand long-term retirement wealth creation.
The framework aims to standardise case selection criteria for consistent tax scrutiny.
EPFO members can receive their annual interest of 8.25% for FY2025-26 in their accounts from July 15. Here's how EPFO members can check if the interest amount is credited to their accounts.
The revised ITR forms for AY 2026-27 require additional disclosures on F&O trading, MSME interest, partnership income, donations and presumptive taxation.
Income from multiple sources, including salaries, FD interest, freelance assignments and rental properties, must all be reflected in an individual's income tax return where applicable.
The tax treatment of SGBs depends on the type of income earned and whether the bonds were redeemed on maturity or sold before maturity.