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New 'Other Income' Column in ITR for AY 2026-27: Voluntary Disclosure of Exempt Income
The ITR filing for AY 2026-27 introduces an 'Other Income' column under the Exempt Income Schedule, allowing taxpayers to voluntarily disclose non-taxable receipts like rural agricultural land sales or gifts. Experts advise this proactive reporting to prevent tax notices and record mismatches.
EPFO 2026 Scheme: Key Changes and Continuity in EPF and VPF Contribution Rules
The new EPFO 2026 scheme largely maintains existing EPF contribution rules, with employees and employers contributing 12% of wages up to the statutory ceiling. It also preserves the VPF framework, allowing employees higher voluntary contributions without employer matching and the flexibility to discontinue them.
Senior Citizens' Savings Scheme Offers 8.2% Interest, Rs 24.40 Lakh Investment for Rs 50,000 Quarterly Income
The Senior Citizens' Savings Scheme (SCSS) offers an 8.2% interest rate for the July-September 2026 quarter. To achieve a quarterly income of approximately Rs 50,000, a senior citizen needs to invest around Rs 24.40 lakh.
Indian Banks Cut Short-Term Debt Sales Amid Foreign Deposit Inflows
Indian banks are significantly reducing their reliance on short-term debt sales (certificates of deposit) as the Reserve Bank of India's initiative to attract foreign-currency deposits offers a cheaper and more stable funding alternative. This trend is expected to continue, impacting CD rates and strengthening bank balance sheets.
The New Rules of Business Discovery: Context and Credibility Trump Reach
Businesses are shifting marketing focus from reach to context and credibility. Decision-makers discover brands through informed environments and multiple touch-points, not just ads. Platforms like The Economic Times' Partner With Us offer integrated brand partnerships for sustained visibility.
Nestle India Establishes Global Capability Centre in Hyderabad
Nestle India is launching a significant Global Capability Centre in Hyderabad, joining other major companies like McDonald's and L'Oréal. This move taps into India's growth potential despite inflation, with a focus on rural markets. The GCC sector in India is expanding rapidly, driving job creation and investment.
