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 ...

In the amended income tax returns form to be submitted there should be allowance for showing and taking deduction for agriculture income (an example). So, India Income Tax authorities should be ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or ...

The Income Tax department raided the homes and offices of producers linked to Pushpa-2 and Dil Raju in Hyderabad, probing potential tax evasion. The Income Tax department conducted raids on ...

India, separately on its part, has said that the movement of skilled professionals is an important part of India-U.S. ties and benefits both countries amid a debate over H-1B visas on which Trump ...

Even with this stellar growth, TikTok has faced several controversies. In 2019, India and Pakistan banned it for “morality issues”, with both bans being rescinded after a while. India banned the app ...

A strong case for linking income tax slabs with inflation makes sense now. "By linking income tax slabs to inflation, India could protect the purchasing power of its citizens, especially for the ...

The Trump administration's decision to exit the OECD's global tax agreement will not affect India, but it could hinder ... up paying taxes twice on the same income. Another issue is that these ...

Also, India’s tax base is too narrow ... Together, though, the elite account for less than a fifth of income tax collections,” the piece reads. But the taxpayers stuck in the middle are the ones who ...

There’s a brilliant free edition, H&R Block Free, which offers Form 1040 filing, along with sorting child tax credits, earned income tax credit and credit for the elderly or disabled.

India has slipped one place to third slot when it comes to people's trust in the government, businesses, media and NGOs, while the low-income population is far less trusting than their richer ...