The benefit of ₹1.25 lakh exemption and the basic exemption limit are available, but slab rates are not applicable, and ...

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is ...

On income tax portal, you can compute your tax payable by entering all the necessary figures such as total income earned, ...

The revised 2026 income tax policy provides uniform relief to salaried taxpayers, reducing financial pressure in the face of ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Under the watchful eye of the International Monetary Fund, the government projected growth of 4.2 per cent and set an ...

Your annual income is the total amount of money a person or a business earns during the year. This includes all money ...

which can reduce their tax burden.Income tax rates applicable for individuals aged between 60 and 80 years who are senior citizens. To calculate income tax as per the old income tax slab ...

Deduction for state and local taxes is nothing more than a subsidy for big-spending governments in blue states and blue ...

And unlike ordinary income taxes, your capital gain is generally determined by how long you hold an asset before you sell it. Use our capital gains calculator for the 2024-2025 tax season to ...

One of the fundamental premises of fair taxation under capitalism is the notion that taxes are assessed on profits when an ...

Your effective tax rate is based on the marginal rates that apply to you. Deductions lower your taxable income, while credits decrease your tax bill. With the 2024 tax deadline passed, you may already ...