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 ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

The Union Budget 2025 brought a groundbreaking announcement—income up to Rs 12.75 lakh will now be tax-free under the new tax ...

The income tax department has come out with a fresh guidance note on the applicability of the Principal Purpose Test (PPT) for claiming tax treaty benefits, which will apply prospectively.

IT officials conducted raids on filmmaker Sukumar and producer Dil Raju’s properties over suspected tax evasion amidst their recent cinematic successes. Filmmaker Sukumar’s house and office in ...

For the above purposes, previous year shall be as defined in section 3 of the Income-tax Act. 1961. The aforesaid period for the application of PPT shall however, be subject to the interaction of such ...

Image Source : PTI/FILE PHOTO Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chairs the eighth pre-Budget consultation with the stakeholders and representatives from the trade ...

Key highlights include the presentation of a new Direct Tax law and the Union Budget, along with a host of other key legislative agendas. Budget Session to begin from January 31 to April 4; Bill to ...

Microsoft 365 Copilot service gives you access to this feature, which is called the AI PowerPoint presentation generator. Using this, you can create presentations quickly using generative AI.

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...