HMRC has issued a warning to anyone who has gifted money to their family - and it's not just about inheritance tax ...

The Inheritance Tax (IHT) warning comes as HMRC revealed that IHT receipts for April 2024 to December 2024 totalled up to a ...

If the benefactor dies with a will, the responsible party assigned will file the return and pay the taxes. However, if no ...

Republican lawmakers are working to nix the federal inheritance tax, otherwise known as the "death tax." According to Fox ...

Remember, though, that if the money you receive from an inheritance ... other hand, if you are paying alimony under such an agreement, you cannot deduct the payments from your income tax.

The world of retirement saving has changed dramatically in my working career. The single biggest transformation has been the ...

Kolkata: Initial doubts about tax benefits for middle-class earners transformed into joy as finance minister Nirmala Sitharaman announced tax concessions on Saturday afternoon. The announcement ...

With Finance Minister Nirmala Sitharaman announcing big rebates for taxpayers in the middle-income group under the new tax regime ... and put more money in hand, it can create tall challenges ...

If tax component under the old regime turns out to be more, you can opt out of the new regime, whereas if your total tax computation under the old regime is more, you do not need to do anything.

The measures are expected to substantially reduce taxes for the middle class, creating a buzz on social media with various reactions and memes. Finance Minister Nirmala Sitharaman announced a tax ...

Nirmala Sitharaman announced that annual income of up to Rs 12 lakh will be exempt from I-T under the new income tax regime Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 ...

In a landmark announcement, she revealed that individuals earning up to ₹12 lakh annually under the new tax regime will now pay zero income tax. For millions of middle-class taxpayers ...