Even if there were, one can assume the net taxable income factors in these deductions while using the table and chart below.

For a Rs 10 lakh income, the new tax regime saves Rs 25,900 in taxes. However, the old regime benefits more if deductions are ...

Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax ...

Real estate has always been a much sought-after investment and post-Covid, property prices have skyrocketed across the ...

Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide ...

You’re in luck if your annual income sits at $450,000 or higher. This puts you squarely in the top 5% of earners in the U.S.

MADISON – The ranking of Wisconsinites' income paid in state and local taxes hit an all-time low compared to other states in ...

Goods and Service Tax and changes in development of country after it’s effectuation. Introduction: Prior to the enactment of ...

Experts said that key areas of discussion for the GST Council will include potential exemptions or reduced GST rates for ...

In the event that the RBI decides to lower interest rates in December, this could be an opportune time for investors to lock in higher returns on fixed deposits ...

The benefits of passive funds are that they are simple, transparent, and relatively low-cost. Passive funds such as ETF/Index ...

Double taxation refers to income tax being paid twice on the same source of income. This can occur when income is taxed at both the corporate and personal level, as in the case of stock dividends.