With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

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 expiration of provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) at the end of 2025 presents an opportunity for ...

Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

Finance Minister Nirmala Sitharaman implemented changes to the slabs, rates, and rebates under the New Tax Regime to ...

The Union Budget 2025, presented on February 1, 2025, introduced substantial reforms to the personal income tax framework, ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala ...

Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government. It’s mainly determined by your taxable income, tax bracket, filing status ...