India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

The government has reported a rise in direct tax collections and foreign investment inflows following corporate tax rate reductions, effective from AY 2020-21 (except the pandemic-affected FY 2020-21) ...

Ministry of Finance addressed revenue loss and benefits related to tax incentives for corporates. From Assessment Year (AY) 2020-21 to AY 2024-25, companies claimed various income tax exemptions and ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Higher tariffs could worsen the squeeze on American families by increasing their taxes, lowering their income, and requiring ...

Countering Opposition barbs about being a ‘suit-boot ki sarkar’, the government on Monday informed the Lok Sabha that the ...

By investing in NPS and applying standard deduction of Rs 75,000, taxpayers earning Rs 13.7 lakh salary can pay zero tax; ...

President Trump signed an Executive Order deferring payroll tax in the wake of the COVID-19 pandemic and it impacted the take-home pay of certain individuals.

NEW DELHI (Reuters) - India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four ...

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.