Master how to calculate sales tax and find out how much you'll really pay. Includes tips, examples and local tax rate info.

The new income tax slabs are applicable from April 1, 2025. Further, there is no income tax on incomes up to Rs 12 lakh. Few people know how income tax is calculated on their net taxable income if it ...

You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

The start of the financial year means informing your employer about the preferred tax regime. Many individuals are confused ...

Also Read | Income Tax Slabs FY 2025-26 explained: 20 FAQs individual taxpayers should check to understand tax rates, income tax benefit under new tax regime For the tax brackets of Rs ...

Notably, taxpayers can claim exemption for HRA along with the interest on home loan under the old tax regime in the same year ...

Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...

Proactive tax planning can save small business owners thousands of dollars and give them a clear picture of their financial position.

The new tax regime provides lower tax rates and fewer deductions, eliminating the need for investment in tax-saving schemes ...

dividend income and capital gains into the tax bracket. Calculating tax should be relatively straightforward, but for those earning six figures it's slightly more complicated. This is the ...

However, the process is yet to commence, as the Income Tax Department has not officially notified the ITR forms required to ...