Under current rules, salaried taxpayers must inform their employers of their choice between the old and new tax regimes at ...

The Union Budget 2025-26 raised the tax-free income limit to Rs 12 lakh for FY26 via rebate under Section 87A of the Income Tax Act, 1961. Currently, it is Rs 7 lakh for the ongoing FY 2024-25. So, ...

The Atlanta Braves, the country’s only publicly traded Major League Baseball team, is facing off against the US tax code in a ...

On a joint home loan with a spouse, benefits were up to Rs 7 lakh on the first home loan. However, home loan tax benefits can easily make your Rs 14.75 lakh income from salary completely tax free.

FILIPINO seafarers are complaining that the recently passed Magna Carta for Seafarers is requiring them to remit every month 80 percent of their total income back home.

But even if they have an annual income of Rs 15.60 lakh, they can make it tax-free provided they take the benefit of reimbursements in their salary and National Pension System contribution from their ...

The Philippines last experienced a wage hike 35 years ago ... The government also benefits from the additional tax collected from increased employee spending. The profits gained may be distributed to ...

The amendment shifts the responsibility for income tax compliance squarely onto the financial heads of institutions. Officials believe this measure will close longstanding gaps in salary reporting ...

While Ambani’s wealth is known to all but very few are aware about their staff’s salary. From the Ambani ... the driver is liable to pay income tax under either the old or new tax regime.

One significant addition recently introduced in our tax laws is Republic Act (RA ... and spend more in the Philippines, thereby bolstering economic growth.

However, making $100,000 can be a rude awakening during tax season. That’s because your six-figure salary can quickly return to five figures once you account for federal and state income taxes ...

A Roth 401(k) is an employer-sponsored retirement plan that's funded by after-tax dollars. It shares certain similarities with a traditional 401(k) and a Roth IRA, although there are important ...