There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

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 ...

The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...

you're responsible for paying federal income taxes according to the rules set by the IRS. The amount and frequency of your business taxes will vary. It's based on the type of business structure ...

is aimed at revamp the existing income tax structure to simplify the provisions. It will replace the existing Income Tax Act, 1961. Sitharaman had said in her budget speech that the bill would ...