Tax laws offer plenty of room to reduce the liability of the individual through careful structuring of salary, says Sudhir ...

As the saying goes, “A nation’s wealth lies in the health of its people.” It’s time for Sri Lanka to prioritise this wealth, ensuring that every citizen benefits from a healthier, more secure future.

The AO initially passed an assessment order, making additions related to transfer pricing adjustments and disallowance under Section 14A. Subsequently, the assessment was reopened under Section 147 ...

The Union Cabinet on Friday cleared the new income-tax bill that is proposed to replace the existing six-decade old Income-tax Act, sources said. The new income-tax bill is now likely to be introduced ...

you could also face state income taxes on Social Security benefits. Fortunately, the list of states that tax Social Security is shrinking, and only nine will do so in 2025. “The list of states ...

AS WIDELY expected, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC ... Going forward, improving employment conditions, tax relief in the Union Budget, and moderating inflation, ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...