These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Expenses incurred by the taxpayer to provide medical treatment for a disabled dependant, like nursing, training and rehabilitation of a dependant is can be claimed as a deduction. Also, if the ...

Super senior citizens (80+ years): ₹5,00,000. New Regime: Uniform exemption: ₹3,00,000 for all taxpayers. Income tax deductions allow taxpayers to reduce their taxable income by claiming specific ...

Budget 2025: Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation ...

Ahead of Budget 2025, the government should focus on reduction in tax on gains on bank deposits, adjusting income tax exemption limits and raising fixed deductions to keep in pace with inflation, ...

Ahead of Budget 2025, the government should focus on reduction in tax on gains on bank deposits, adjusting income tax exemption limits and raising fixed deductions to keep in pace with inflation, ...

Sen. Tony Sorrentino, a freshman lawmaker from Elkhorn, introduced the Opportunity Scholarships Act (LB509) that would give up to $100,000 in dollar-for-dollar tax credits to Nebraskans who donate ...

U.S. President Donald Trump on Monday declared that a global corporate minimum tax deal "has no force or effect" in the U.S., effectively pulling America out of the landmark 2021 arrangement ...

When tax changes become law as proposed or announced, they will be effective for the tax year or as of the dates given. If new legislation is introduced, information will be available at Personal ...

HYDERABAD, India, Jan 20 (Reuters) - India should eliminate tax on drugs for cancer treatment and for chronic and rare diseases, the chairperson of major drugmaker Biocon Ltd (BION.NS), opens new ...

Tax Exemption not available to the Electoral Trust if the above mandate is violated,” said the Income Tax Department. Amount borrowed or repaid on hundi (section 69D) Where any amount is borrowed on a ...

chairs the House Ways and Means Committee weighing the tax-exemption's fate ... "This option would end the exclusion, making income from municipal bond interest taxable," the document said.