The New Income Tax Bill, cleared by the Union Cabinet on 7 February 2025, is expected to be tabled in Parliament this week. Designed to simplify tax laws and reduce legal ambiguities, the Bill aims to ...
In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...
In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...
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 ...
Democrats pushed back against Elon Musk’s Department of Government Efficiency as it turns its attention to the Education ...
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.