The government plans to replace the 1961 law, aiming for clearer regulations and reduced compliance costs for taxpayers. The ...

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

In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

The simplified Income Tax Bill 2025, which brings in the concept of ‘tax year’ and abolishes the archaic and complicated ...

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

One way to do this is to have a basic understanding of how taxes ... Now let’s quickly walk through the tax return. After reporting your income, you will list your deductions.

Tax season may never be seen as fun, but this year provides Washington a perfect opportunity to make it less confusing.

The much-anticipated new income tax bill will replace terminologies like assessment and previous year with easier to ...

A recent poll from the Tax Foundation found that most American taxpayers—regardless of age, education, or income level—do not understand basic income tax filing concepts. For example ...

These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you ...