Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

Tesla reported $2.3 billion in U.S. income yet paid zero federal income tax. Over the past three years, the company earned ...

A recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new ...

Rent income is an assessable head of income under the head 'Income from House Property' of the Income Tax Act, 1961, and ...

Senior citizen with pension income and mutual fund savings seeks advice on tax liabilities for Long-Term Capital Gains ...

Due to an error in Budget 2025, a salaried employee may not be able to avail of the standard deduction of Rs 75,000 from ...

This deduction is a flat, automatic reduction that does not require any documentation or proof of expenses, directly lowering the taxable income and, consequently, the tax liability. The standard ...

Home buying is encouraged by the Indian government with tax relief under certain provisions of the Income Tax Act, 1961, ...

The change proposed by the Income Tax Bill 2025 in terms of removal of nil TDS certificates has both positives and negatives ...

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce ...