Latest income tax calculation post Budget 2025: Starting April 1, 2025, individuals earning up to Rs 12 lakh under the new income tax regime. However, those who earn above that level have salary ...

President Donald Trump has proposed a plan to abolish federal income taxes for Americans earning less than $150,000 per year, ...

Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or ...

The Income Tax Department has issued a reminder that the last instalment of advance tax for the financial year 2024-25 must ...

Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...

Declare this additional income to the employer and request for additional TDS deduction before March 31.

Income tax rules require taxpayers to submit advance tax if their overall tax liability for the financial year exceeds Rs ...

When receiving payment as an employee for a second job, such as through an ad-hoc contract, the income will be categorized as ...

The IRS uses what's called "provisional income" to determine how much of your Social Security benefits are taxable. Your ...

The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a ...

But if their income increases by Rs 20,000? Will they be taxed on Rs 20,000 or Rs 12,95,000? How much tax will they pay? Know rules The rule of marginal relief says that if the income of a taxpayer ...