As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

According to the MOTN survey, 27% expect household income to improve, while 31% foresee a decline. On tax exemptions, 44% see ...

The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income ...

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

The deadline for property owners to file for homestead exemption is March 1. According to the Property Appraiser's Office, ...

The government expects that increased consumption resulting from lower income tax burdens will boost GST collections.

Georgia lawmakers want to eliminate state taxes on college athletes who are getting paid for their name, image and likeness to attract more student-athletes to the state.

The new memo clarifies a footnote in a Jan. 27 Office of Management and Budget announcement that said agencies should ...

Finance Minister Mark Drakeford argues the fee would be 'less than the cost of a cup of coffee', as he pushed back on ...

It is important to note that this zero tax liability only pertains to the new tax regime that has been in place as the default system since 2023. To avail of this benefit, taxpayers simply need to ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...