A flat tax would reduce the IRS' workload, allowing for tax collection with only a fraction of the current 100,000 IRS ...

With the increase in exemption slab to Rs 12 lakh, those who earn up to Rs 1 lakh per month will not have to pay any Income ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

If you paid interest on your student loan debt in 2024, you may be able to deduct up to $2,500 from your taxable income.

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

The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...

Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...