Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Macy Meyer is a North Carolina native who graduated from UNC-Chapel Hill with a BA in English and a second BA in Journalism. Macy is a Writer on the CNET How-To team, covering a variety of topics ...

The Indian income tax policy has been a cornerstone of the nation’s economic framework, shaping growth and development across industries. However, over the years, its complexity has raised significant ...

He is scrapping the system in which the Government collects betting duty of 6.75% from bookmakers, which is passed on to punters in a 9% tax. Bookmakers can absorb all the costs of the new tax ...

Budget 2025: Ahead of the Budget, a majority of the members surveyed by FICCI favoured review of the direct tax structure with a view to spur demand and boost growth. A re-look at the slabs and the ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

The Union Budget 2025, scheduled for February 1, has raised discussions about updates to the capital gains tax structure. The changes introduced in Budget 2024, effective for transactions after July ...

Small businesses and large businesses face distinct considerations when it comes to taxes due to differences in size, structure, and resources. Here are some key differences. Small businesses ...

Not everyone is required to file taxes, but most Americans must and probably will submit a return. Some will even do so today, the first day the IRS is accepting and processing returns this tax ...

Tax season has officially begun, as the IRS is now accepting 2024 federal tax returns as of today, Monday, Jan. 27, 2025. Today also marks the first day taxpayers can use Direct File to submit ...

The nil tax rate now applies to income up to Rs 3 lakh, with subsequent slabs adjusted accordingly. For instance, a 5 per cent tax rate applies to income between Rs 3 lakh and Rs 7 lakh, and a 10 per ...

Washington | Dublin | Donald Trump has threatened to double tax rates for foreign nationals and companies in the US to hit back at “discriminatory” levies on American multinationals ...