The copy of the New Income Tax Bill 2025 (“ITB”) has been made available to the Members of Parliament (MPs) on 12 February ...

The bill advances the Modi government’s "ease of doing business" initiative by providing a clear and simple tax framework ...

Receiving a bonus can be a delightful surprise, but the joy might be short-lived once you realize the tax implications. Learn how bonuses are taxed and what you can do to minimize the impact.

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

Scrapping archaic provisions and simplifying language are welcome. But systemic issues affecting taxpayer morale must also be ...

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 ...

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

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

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

Dividends distributed to Non-U.S. Shareholders may have been withheld to pay U.S. federal income tax. Non-U.S. Shareholders should contact their tax advisor with any questions regarding this ...

The April 15 federal tax-filing deadline is well-known, but there are other key tax deadlines and important dates to know throughout the year. Mark the following 11 tax dates on your calendar to ...

FreshSplash / Getty Images Ordinary income is income earned by an entity or an individual that is taxable at marginal tax rates. It can include wages, salaries, tips, bonuses, commissions ...