Debt mutual funds bought after April 2023 fall under Section 50AA and are eligible for tax rebates, but units bought before ...

On February 1, 2025, the taxpayers and salaried class are eagerly anticipating an enhancement of the basic exemption limit ...

At a rally this month in Las Vegas, President Donald Trump pledged to work with Congress to end taxes on tips.

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

A number of key reforms have been introduced in the past five years. In 2020, for instance, new tax regime was introduced for taxpayers whereas in 2024, capital gain structure was revamped. We give a ...

The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 In comparison, the total revenue impact of major tax incentives for corporate ...

While it is well known that new income tax regime is simplified tax regime without tax exemptions and deductions ...

WASHINGTON — President Trump asked congressional Republican leaders Thursday to end tax perks for sports team owners and ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. She announced no income tax on ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

According to state’s Revenue and Fiscal Affairs office, 44% of South Carolina’s tax filers don’t pay any state income tax.