The IRS started accepting 2024 tax returns on Jan. 27, and the agency posted the first statistics from tax season 2025 last ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

The IRS has faced intense blowback to Direct File from private tax preparation companies that have made billions from ...

(NEXSTAR) – There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible ...

President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may ...

While Musk’s tweet may have intimated that the group of workers had been eliminated, an individual with knowledge of the IRS workforce said the Direct File program was still accepting tax returns. The ...

Federal Income Tax Calculator and Refund Estimator 2024-2025 Estimate your 2025 refund or tax bill with NerdWallet's federal income tax calculator. Enter your income, age and a few other details ...

This is an awesome rebate to the taxpayers from any finance minister in ... limit is increased to INR 50,000 from the current INR 40,000. Salient features of the Tax calculator.

Rebate Under Section 87A of Income Tax Act 1961 1. Old Regime is still beneficial since ... Calculation of threshold limits: An important point is that to calculate the applicability threshold of the ...

Tax rebate will be provided to those earning up to ₹12 lakh under the new tax regime. In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab w ...

In total, tax payable becomes ₹60,000 (20,000 + 40,000). Now, rebate -- which is deducted against the tax component – under section 87A has been raised to ₹60,000. During the Budget speech ...