For individuals earning Rs 15 lakh annually, opting for the old tax regime can result in tax savings of up to Rs 48,100, ...

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

The 2025 tax filing season is underway, and there are several tax benefits that can help homeowners save money this year.

An updated tax return, filed as per Section 139(8A), permits taxpayers to correct omitted or inaccurate income declarations.

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

If the IRS denies your claim to the EITC credit, you’ll have to submit a Form 8862 before ... earned income tax credit, but only if it exceeds $11,600. Investment income includes interest ...

Net Income refers to the total profit a company earns after all expenses, taxes, and interest have been subtracted ... The result of this calculation represents the amount of net income that ...

Company reports EPS of $4.92, Economic EPS of $6.53 in the fourth quarter of 2024EPS of $15.13, Economic EPS of $21.36 for the full year 2024New ...

What if someone earning above Rs 12.75 lakh annually chooses the old regime and claims the maximum deductions? Will it result in tax savings? This article explores the key deductions available under ...

Capital gains and losses are taxed differently from income like wages, interest ... you hold an asset before you sell it. Use our capital gains calculator for the 2024-2025 tax season to determine ...