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 ...

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.

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 ...

These rates serve as the reference rates for foreign exchange required for ITR (Income Tax Return) purposes and are unfortunately not made readily available by RBI or SBI.

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 ...

India, separately on its part, has said that the movement of skilled professionals is an important part of India-U.S. ties and benefits both countries amid a debate over H-1B visas on which Trump ...

Another important expectation relating to income tax is the introduction of the Direct Tax Code (DTC) in Budget 2025. The DTC aims to simplify India’s intricate tax system, making it more accessible ...

A strong case for linking income tax slabs with inflation makes sense now. "By linking income tax slabs to inflation, India could protect the purchasing power of its citizens, especially for the ...

The Trump administration's decision to exit the OECD's global tax agreement will not affect India, but it could hinder ... up paying taxes twice on the same income. Another issue is that these ...

Also, India’s tax base is too narrow ... Together, though, the elite account for less than a fifth of income tax collections,” the piece reads. But the taxpayers stuck in the middle are the ones who ...

India has slipped one place to third slot when it comes to people's trust in the government, businesses, media and NGOs, while the low-income population is far less trusting than their richer ...