In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

the government is still expecting the share of income tax in gross tax collections to increase in the financial year FY26. In contrast, the share of receipts from corporate tax in the gross tax ...

Several lesser-known tax credits could help you save even more money. Here are a few you should know about before filing your ...

If you think you need to file a return this year, maybe for the first time, you're likely wondering where to start.

Gross income is an average of 2020 to 2022 items on your income tax return. However, we must wait on USDA for regulations to ...

During the campaign, President Donald Trump floated an “all tariff policy” he said would replace federal income tax. Here’s ...

That’s sort of what one would expect given that Trump is a Republican, but also kind of weird in that states and congressional districts that vote for Republicans are as a rule much bigger net ...

Key Takeaways - Are Personal Loans Taxable? Personal loans can be useful when you need extra funds, since you can use them for a variety of purposes. With a personal loan, the lender gives you a lump ...

The recent Union budget has raised the annual income threshold above ... over ₹14 trillion in direct taxes—or about a third of the government’s gross mop-up (a chunk of which will be ...

with ITR filings required only if gross taxable income exceeds the new threshold, except in specific conditions. The income tax exemption limit varies based on the chosen tax regime for a ...