tax year 2026-27 - eircicai

Diwali bonus tax 2026 - employer gift Rs 15000 limit explained

Diwali Bonus Tax (2026): Is Bonus Taxable? Employer Gift Rs 15,000 Limit Explained

24/10/2026 by Rohan Mehta

Diwali bonus is fully taxable as salary. Employer gifts in kind are tax-free only below Rs 15,000 in Tax Year 2026-27; cash gifts are fully taxable. Worked example, slab impact and FAQs.

Income Tax Act 2025 complete guide — new section numbers, Tax Year and key changes

Income Tax Act 2025: Complete Guide — Key Changes, New Section Numbers & What It Means for You

21/10/2026 by Rohan Mehta

The Income Tax Act 2025 replaces the 1961 Act from 1 April 2026 — 536 sections, a single Tax Year, and new section numbers (80C to 123, 87A to 156), with tax rates unchanged.