Considering the recent changes in the new tax regime during the Budget 2025, one of my blog readers asked "Are Bank Fixed ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

A petition calling for the personal tax allowance to be raised from £12,570 to £20,000 has surged in recent days and is set ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

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

reduce the amount of income tax they may have to pay. If you have a severe and prolonged impairment, you may apply for the credit. If you are approved, you may claim the credit at tax time. By ...

The new Income Tax Bill, which will replace the six-decade old Income Tax Act of 1961, will make direct tax laws simple to ...

Preparing and filing income taxes can be confusing. Should you do it yourself or get help? BBB helps you evaluate which tax preparer is right for you.

Retirement planning is an important step towards fiscal security, and choosing the right pension scheme plays a significant ...

If the taxpayer's age is 80 years or more, then he/she will be considered a super-senior citizen, and income up to Rs 5 lakh will be exempt from tax in a financial year. Remember, the new tax regime ...

Though there will be tax slabs with different rates depending upon a person's income, but after availing the tax benefit and exemption based on their income slabs, the net tax that will be payable by ...