The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.

Increasing standard deduction would offset the benefits of exemptions available in the old tax regime, and revising tax slabs ...

The upcoming budget may focus on the new income tax regime yet again to increase its appeal compared to the old tax regime.

Now less than a month is left for the presentation of the General Budget 2025-26. In this budget, the government can offer ...

Although the typical deductions for investment in the tax-saving instruments such as PPF, ELSS, KVP and NSC, have been phased ...

One should note that there have been no modifications to the income tax rules, slabs, and rates in the Old Tax Regime.

July 2024 steps will shape tax deductions and exemptions that can be claimed when filing an Income Tax Return (ITR) in July ...

This has reignited the debate between the New Tax Regime and the Old Tax Regime, with individuals weighing the benefits of ...

The new tax regime for individuals could be modified and the government is examining possibility of reducing tax rates for ...

Once again salaried individuals will be required to file their income tax return (ITR) before the deadline for assessment ...

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...