For the fiscal year 2024–2025, the exemption threshold for income tax is up to Rs 2.5 lakh for all individuals, Hindu Undivided Families (HUFs), individuals under 60 years of age, and Non ...

Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...

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.

And that's not an exhaustive list. However, several types of income ... Financial gifts are a well-known category of non-taxable income. That's due in part to the generous annual federal gift ...

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

9 paise from non-tax revenue like disinvestment, and 1 paise from non-debt capital receipts, the Budget documents said. Income tax new slabs LIVE: On Union Budget 2025, Union Minister Piyush Goyal ...

When a person pays any amount to a non-resident that is taxable as income in India, he has to deduct tax at source before making the payment to the non-resident at the rates in force. The amount ...

Income Tax: Standard deduction of ₹75,000 from salary is given under the new tax regime In FY 2023, the income tax regime became a default regime for all taxpayers. This means the taxpayers are ...

What do you use to file income taxes? Whether for personal taxes or work filing, give a grade and you'll be eligible to win ...

Income tax is charged on most types of income but tax allowances protect some from the taxman. As the end of the tax year, which falls on April 5, nears, we look at the income tax rates and tax ...

You're not entirely out of luck if you don't live in one of the 13 states where retirement income isn't taxed. At least some retirement income is exempt from income taxes in many other states. For ...