Tax planning is challenging, especially when required to deal with new and old regimes, income tax slabs, deductions and exemptions. Understanding these is crucial to saving income, minimising tax ...

The provisions of the New Tax Regime outlined in Section 115BAC of the Income-Tax Act, 1961 will be moved to Section 202 in ...

The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections ...

Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These ...

“We had no income tax,” he said during House GOP Issues Conference on Jan. 27. “The income tax came in 1913. As I said in my speech last week, instead of taxing our citizens to enrich ...

In the Union Budget 2024, the Finance Minister of India had called for a comprehensive review of the Income Tax Act ... such as section 10A, section 10B, section 10BA and section 10C provided ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

The Tax Cuts and Jobs Act ... 10% standard rate of return is below 13.125%, the law taxes these excess returns at 21%, after a 50% deduction and a deduction worth 37.5% of FDII. This excess ...

“Creating and selling a digital product is such a good way to earn passive income with very little upfront investment,” Shah said. She shared a real success story: “Tim who experimented with ...

The Laken Riley Act, as the law is known ... The bill became law barely 10 days into Mr. Trump’s presidency, and came amid the president’s promised crackdown on the border.

MANILA, Philippines — The Philippines might only be able to break free from the “middle-income trap” in 2050 as it struggles to corner more job-generating foreign investments, Nomura said in ...

It doesn’t take a high income to land in a high tax bracket ... the full credit amount directly off their tax bill. The credit is based on 10%-50% of the amount you contribute to a qualified ...