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 ...

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

The Income Tax Department of India has introduced an innovative feature on its e-Filing portal called “Request for Order Giving Effect”. This new functionality allows taxpayers to submit requests ...

The Union Cabinet chaired by Prime Minister Modi, is expected to greenlight the new income tax bill during its meeting on ...

The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

While a majority of the middle class is said to benefit out of the new tax regime, it takes away all the exemptions on ...

Around 140 million Americans are expected to file their tax returns by the April 15 deadline. Last year, roughly two-thirds ...