FM Nirmala Sitharaman said that the government will introduce a new Income Tax (I-T) bill in Parliament next week.

Budget 2025 introduces new income tax slabs, reducing taxes for middle-income earners while maintaining higher rates for top ...

Finance Minister Nirmala Sitharaman has announced changes to the income tax slabs in the new regime. As per the changes, there is no tax on income up to Rs 12 lakh. This rejig is expected to boost ...

Finance Minister Nirmala Sitharaman announced that taxpayers with salaries up to Rs 12 lakh would not be required to pay tax in the new tax regime.

The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is ...

Reports suggest that there could be a relaxation on income tax for individuals, especially those earning up to Rs 15 lakh.

It is important to know that the income above Rs 12 lakh is tax free due to the rebate under Section 87A of the Income Tax Act, 1961. Those earning above Rs 12 lakh also stands to benefitted due to ...

Tax season has just begun and property taxes are top of mind, as many have upcoming deadlines to pay property taxes.

Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate ...

You can use your phone or tablet for a whole lot of things. You can, of course, take photos and send text messages (even by ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 of your loan/debt if you're single or married filing jointly, or $375,000 if ...

To begin with, the IRS offers a series of directions on its website to help US citizens determine what their taxes are, ...