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 Union Cabinet on Friday approved the new income tax bill, which will replace the six decades old I-T Act, sources said.

The agency has booked nine people, including I-T deputy commissioner Vijayendran R and two department inspectors, apart from ...

The Income Tax Department has received 6,500 suggestions from stakeholders on review of the Act. Sources said the provisions and chapters will be significantly reduced and the obsolete provisions will ...

The Income Tax Department has called upon entrepreneurs to make maximum use of the ‘Vivad Se Vishwas Scheme’ by depositing taxes till January 31. An appeal was made by Dr Rishi Kumar ...

Barangay Ginebra extended its record streak of playoff appearances by dismantling Rain or Shine, 120-92, Wednesday in the PBA Commissioner’s Cup at Ynares Center in Antipolo City. Barangay ...

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The Anti-Corruption Commission (ACC) today sued Additional Tax Commissioner Quazi Abu Mahmud Faisal, his wife Afsana Jesmin, and 12 others for allegedly amassing illegal assets worth Tk 17.21 crore.

Supplemental Security Income payments are also tax-exempt. Disability compensation or pension payments from the Department of Veterans Affairs to U.S. military Veterans are tax-free as well.

Victims of domestic abuse are being failed by a criminal justice system that is not up to the job, a damning report by the domestic abuse commissioner for England and Wales has said. Dame Nicole ...

The DTC aims to simplify India’s intricate tax system, making it more accessible and easier to follow. The Income Tax Department has received more than 6,500 suggestions from stakeholders to ...

All stakeholders and experts were invited to suggest changes and the Income Tax Department received more than 6,500 suggestions. Most of them advised the government to focus on language simplification ...