The idea of the poverty line dates back to 1963, when Mollie Orshansky, a statistician for the Social Security Administration, developed a method to measure how many families were unable to ...

It’s official: generative AI is now the fastest growing job skill. With an 866% year-on-year demand, here are the top 10 high ...

The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an ...

Discover two undervalued dividend giants with high yields for solid income generation in a volatile market. Click here to ...

Vocational Education and Training (VET) offers different level courses so you can choose the skill level you need. For example: VET courses give you skills that are relevant. They are designed to meet ...

Section 87A tax rebate: Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is ...

The total tax benefit of slab rate changes and rebate at different income levels can be illustrated with these examples: A taxpayer in the new regime with an income of Rs 12 lakh will get a ...

Along with the income tax benefit table, the income tax department has also released some FAQs to make it easier for taxpayers to understand the Income Tax Act. Here are some of the FAQs What is ‘New ...

This is a significant change from the earlier ₹7 lakh limit, allowing more taxpayers to retain their full income. Here's the tax savings comparison to help you understand how much you save under which ...

Here are the new tax slabs in the new income tax regime. Sitharaman gave examples of three income levels -- Rs 12 lakh, Rs 18 lakh and Rs 25 lakh per year. "A taxpayer in the new regime with an income ...

Budget 2025: In a significant move aimed at easing the tax burden, Finance Minister Nirmala Sitharaman announced crucial changes to income tax slabs in Budget 2025. The nil tax slab has been raised ...