The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

The new Income Tax Bill aims to replace the outdated 1961 Act, simplifying direct tax laws, reducing ambiguities, and curbing ...

Tax season officially started Monday, and while there are still months to go before the April 15 filing deadline, experts say ...

U.S. President Donald Trump has not laid out a new law banning parents who receive child support payments from claiming child ...

New tax law was signed by Gov. Mark Dayton into law Friday, just hours after it passed in the Minnesota House and Senate. The ...

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.

The order issued in the public interest will come into effect immediately, according to a gazette notification ...

New Tax Regime: The proposals in the Union Budget for the new tax regime include full exemption for individuals earning up to Rs 12 lakh per year. The tax slabs have been extended, with a new 25 ...

Republicans are floating a list of ideas to help offset the cost of planned tax cuts including a proposal to make graduate ...

New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...

In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small ...