What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...
Trump proposes abolishment of federal income tax, bringing US back to 'richest period' in history
President Donald Trump pitched the idea of eliminating the federal income tax entirely to instead tariff and tax foreign ...
Income Tax Slabs 2025: No income tax upto Rs 12 lakhs, check new income tax regime AY 2025-26 here
FM Nirmala Sitharaman announced major income tax relief, with no tax payable on income up to Rs 12 lakh. New tax regime to be ...
Americans are tired of tipping. Experts say no tax on tips could make things worse.
At a rally this month in Las Vegas, President Donald Trump pledged to work with Congress to end taxes on tips.
Indiana Senate approves income tax cut. Here's how much you would save.
Senate Bill 451 from Republican Sen. Travis Holdman could lower Indiana's income tax rate further starting in 2030, but it ...
No tax for up to Rs 12.75 lakh income for salaried under new tax regime as Section 87A tax rebate hiked in Budget 2025
Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through ...
Trump's no-tax-on-overtime proposal: What to know
President Donald Trump has pledged to end taxes on overtime pay, as well as other things like tips and Social Security.
Income tax brackets are changing for the 2025 tax year. Here's what Texans should know
Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.
Budget 2025: No income tax upto ₹12 lakh income. Here’s how much you will save
Standard deduction has been raised from the current ₹25,000 to 60,000 now and tax rebate under section 87A which was ₹25,000 ...
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How “No Tax on Tips” Could Backfire
Tips have a clear definition for tax purposes: the payment must be made “free of compulsion,” and the customer determines the amount—it cannot be the result of negotiation. Those restrictions make it ...
How to file taxes for an LLC with no income
LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...
No need to wait for Budget for Income Tax Relief! New Income Tax Bill may have unique features, likely to get cabinet nod today
Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the ...