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 ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

In the FY2024-25 budget, the defence sector was allocated Rs 6.22 lakh crore ... limit under the old tax regime. Although 72% of taxpayers have opted for the new income tax regime, the majority ...

Finance Minister Nirmala Sitharaman is set to present the Union Budget on February 1, 2025, with the salaried class eagerly anticipating potential adjustments to income tax slabs and rebates that ...

Image Source : X 'Pushpa 2' director Sukumar's Hyderabad home was raided on Wednesday Income Tax Department officials ... in Hyderabad on Wednesday, January 22. The raid started early in the ...

IT officials conducted raids on filmmaker Sukumar and producer Dil Raju’s properties over suspected tax evasion amidst their recent cinematic successes. Filmmaker Sukumar’s house and office in ...

For example, the tax code allows taxpayers to exclude from their income amounts received from insurance for the temporary additional living expenses created by the wildfire resulting from the loss ...

The Mississippi House of Representatives passed a tax cut that would eliminate the state income tax among other measures. There is uncertainty as to whether the Senate will pass the Bill ...

HYDERABAD: IT raids on film personalities are entering their second day, with Income Tax officials continuing their search at the offices of prominent film producer Dil Raju, Mythri Movie Makers ...

While the focus of the government will be to give consumption a shot in the arm to increase growth since the GDP has gone down in the past quarter. To achieve this, there is talk of income tax relief ...

Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the ...