The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain ...

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they ...

A number of changes pertaining to income tax slabs under the new tax regime go into effect on April 1, 2025 (FY26), as ...

You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

To satisfy the safe harbor rule, you must pay at least 90% of your 2025 tax liability or 100% of your 2024 taxes, whichever ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to ...

To assist taxpayers prevent errors, the following factors are essential to keep in mind while submitting an Individual Tax ...

Still waiting to file? Here are your deadlines to complete and mail in or electronically transmit your 2024 federal tax ...

The new, minimal-exemptions tax regime is set to be the favoured choice of most taxpayers in 2025-26, thanks to the raft of announcements in this year's budget.

The Income Tax Department is expected to soon release the online ITR forms, which will officially open the e-filing process.

Confused between the old and new tax regimes for FY 2024-25? Understand key differences like tax slabs, deductions and ...