The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

Unfortunately, 41 states and Washington, D.C. not taxing Social Security means there are nine states that do: There's no way to predict if and for how long these states will continue to tax Social ...

How to calculate your income tax accurately by including all sources of income such as salary, rental income, capital gains, ...

The tax rates are structured progressively, with higher rates applied to higher income slabs. This new regime is designed to benefit middle-income earners the most, offering substantial savings ...

Check out our ready reckoner for various income levels above ₹12 lakh and the amount of tax that you'd save by moving into ...