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 ...

10 Kauper Street, Scullin is a 3 bedroom house. What are the key property features of 10 Kauper Street, Scullin? Explore all key property features for 10 Kauper Street, Scullin. Click here to find ...

Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week. After ...

The disability tax credit (DTC) is a non-refundable tax credit that helps people with disabilities, or their supporting family member, reduce the amount of income tax they may have to pay. If you have ...

“States considering eliminating the sales tax on groceries have to be mindful of the places to make up that revenue.” If you live in one of these 10 states ... for households with an adjusted gross ...

While income tax at Rs 12 lakh would be zero, however, on Rs 12.10 lakh income it could go up significantly ... Marginal relief is available under section 87A for the new tax regime in the Income Tax ...

That’s because your employer withholds some money from each paycheck in the form of withholding taxes, which help pay your income tax bill throughout the year. It’s important to understand how ...

Budget 2025 has clarified that the tax rebate under Section 87A will not be available for income that attracts special rates, such as capital gains, lotteries, and horse race winnings. Currently, ...

Over the weekend, he took the first steps in enacting that plan, announcing a levy of 25% on Canadian and Mexican imports, as well as an additional 10% tax on Chinese goods. This sparked a global ...