Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...

For senior citizens, banks will now deduct TDS if interest amount exceeds Rs 1 lakh in a particular bank. However, with smart ...

State Bank of India (SBI) offers SBI Green Rupee Term Deposit Scheme, which is aimed to mobilise deposits to support the bank ...

This is the big one. April 15 is the deadline to file your federal income tax return for 2024 unless you request an extension ...

Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

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 ...

An "enhanced" version of the IRS' Direct File program launched this year, with availability in roughly twice as many states as last year.

If you don't think you can finish filing your income taxes by the April 15 deadline, you have options. To start, you can file a free tax extension that will give you an additional six months to ...

Your employer, according to the IRS, is required to provide or send Form W-2, known as a "Wage and Tax Statement" to you no ...

While the intention was to ensure tax compliance ... depend on regular interest or coupon income, the TDS rules pose additional hurdles: · Form 15G/15H exemption: Senior citizens can avoid ...