Cess and surcharge continue to shrink States’ tax share
Union government collects ₹100 in taxes, but ₹10-11 is collected as cesses, surcharges, and cost of collection.
If Rs 12 lakh is your taxable income, you should know this; check tax outgo calculations
Among the key changes announced was the introduction of a provision under which individuals with a taxable income of up to Rs ...
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Income tax rates for individuals
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 ...
Bill would add to hotel sales tax to fund school construction
The legislation comes as a group plans to release a report examining possible changes to Maine’s school funding formula.
7 key tax terms you should know
The U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return ...