In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

It’s 2025, and with it come major tax law changes for LLC owners. It’s crucial to stay in compliance and understand the ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

Budget 2025 increased the tax rebate limit under the new regime to ₹12 lakh from FY26. If trends from previous years continue ...

Zero tax up to Rs 12 lakh taxable income is good news. But you start to lose as soon as you cross that threshold – until your ...

Yes, it is. You get a Standard Deduction of Rs 75,000 — but only if you’re salaried or a pensioner choosing the new tax ...

How to calculate your income tax accurately by including all sources of income such as salary, rental income, capital gains, ...

Achieving a tax-free rental income of ₹20,00,000 is a goal many property owners aspire to. With the recent changes introduced in the Union Budget 2025, there are strategic avenues to minimize tax ...

Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...