Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...

Imputed earnings refer to income that is assigned to an individual by a government agency or a court, even if they do not ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

High-income earners, retirees and the wealthy have the most to gain from no state income tax, local experts said. Low and middle class people feel more of the burden from sales and property taxes and ...

Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...

This rule effectively creates an income tax band of 60% for a portion of your earnings between £100,000 and £125,140. As an example ... and one of you must be a non-taxpayer and one must ...

For the fiscal year 2024–2025, the exemption threshold for income tax is up to Rs 2.5 lakh for all individuals, Hindu Undivided Families (HUFs), individuals under 60 years of age, and Non ...

Financial gifts are a well-known category of non-taxable income. That's due in part to the generous annual federal gift tax limit. For example, you can give up to the limit to friends, family ...

A nonprofit is a tax-exempt corporation that returns its net earnings to its mission. Learn about IRS rules for nonprofits.

When a person pays any amount to a non-resident that is taxable as income in India, he has to deduct tax at source before making the payment to the non-resident at the rates in force. The amount ...

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...