Here is an example to understand this. Suppose your gross taxable income is Rs 21 lakh. This includes salary income, interest income from savings accounts and dividends from equity shares. No capital ...

The Bureau of Internal Revenue  recorded a more than 20-percent increase in electronic tax filings this year due to ramped up ...

Social Security The federal government can tax up to 85% of your Social Security benefits, so it's good to know how those taxes are calculated.

I’ve learned that cycles come and go, but those farmers who pay attention to the details will thrive. Tax planning strategies are important. Managing taxable income to the point that you set a ...

Get expert help with VAT registration, exemptions, and compliance in the Philippines for foreign-owned businesses.

From April 1, 2025, there is zero tax payable on the taxable income up to Rs 12 lakh. This will happen if an individual opts for the new tax regime for FY 2025-26. However, it may happen that your ...

The Bureau of Internal Revenue is seeing the impact of its digital transformation efforts, with more Filipinos opting to file ...

income tax benefit under new tax regime For the tax brackets of Rs 20,00,001-24,00,000 and above Rs 24,00,001, the entries are NA as no taxable income remained after the fifth bracket. Had there ...