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

The new financial year FY26 has kicked off, and taxpayers are meant to file their income tax returns under one of the two regimes. Mint deconstructs the key points to be considered before choosing ...

Old vs new tax regime: As the financial year has ... The new regime offers concessional tax rates but does not allow deductions under various provisions such as Sections 80C, 80D, 80DD and 80G ...

Taxpayers may see their tax liability cut in 2023 as the Internal Revenue Service adjusts the standard deduction and tax brackets for inflation. Each year, the IRS makes inflation adjustments to ...

April makes everyone think of taxes. After a detailed analysis of tax payments, it's clear the Trump tax cuts were a huge ...

Salaried individuals have two options when filing their Income Tax Return (ITR): the old or the new tax regime. Each has its own tax slabs, deductions and exemptions. Selecting the appropriate regime ...

Republicans are splintering over a proposal to create a new 40% tax bracket for those earning $1 million or more as a way to ...

Republican lawmakers are concerned about how Delaware's proposed increases to income taxes will impact small businesses.

The revisions introduced under the new tax regime is aimed to make the new regime easier, cut down on paperwork, and minimise ...

The new income tax slab rates result in lower taxes for individuals ... To calculate income tax as per the old income tax slab, you need to follow a few steps. Firstly, calculate your gross ...