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 ...

The new Income Tax Bill aims to replace the outdated 1961 Act, simplifying direct tax laws, reducing ambiguities, and curbing ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle ...

Finance Minister Nirmala Sitharaman's Union Budget speech in 2020 was by far the longest, lasting two hours and 40 minutes.

Over the years, various governments have tried to strike a balance between economic growth and social equality through ...

In ‘A Brief History of Equality’, the renowned economist challenges the notion of inevitable disparity, drawing from history to advocate for global action a ...

In the amended income tax returns form to be submitted there should be allowance for showing and taking deduction for agriculture income (an example). So, India Income Tax authorities should be ...

As many as 57 per cent of individual taxpayers want taxes to be lowered in the upcoming Budget, Grant Thornton Bharat's pre-budget survey said on Wednesday. The survey said although 72 per cent of ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or ...

The Income Tax department raided the homes and offices of producers linked to Pushpa-2 and Dil Raju in Hyderabad, probing potential tax evasion. The Income Tax department conducted raids on ...