President Trump’s order imposing additional tariffs on China this week also suspended a popular trade exemption known as the ...

The central government has given a big relief to the employed citizens in this year's budget. Income up to Rs 12 lakh has ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

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

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...

Last week, six councils were allowed to increase council tax above the usual 5% threshold, putting more of a burden onto ...

The muni industry is trying to get to the bottom of questions around how the House arrived at savings estimates for ...

NBR cancelled two tax benefits: the income tax exemption for the Shuchona Foundation and the tax exemption on donation amounts made by individuals and organisations to the foundation ...

A nonprofit is a tax-exempt corporation that returns its net earnings to its mission. Learn about IRS rules for nonprofits.

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act ...

Disgraced Wichita politician’s bill to give tax breaks to bowling alleys shows why lobbyists shouldn’t be able to introduce ...