These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Income Tax filing: In Budget 2025, Finance Minister Nirmala Sitharaman suggested extending the timeframe for submitting ...

Now taxpayers have a longer timeframe of up to 48 months to file an updated income tax return which was 2 years earlier. The ...

Many Americans may think that because they work from home, they can take tax deductions for a portion ... most of them likely aren't eligible for any home office deductions.

The Cayman Islands do not impose taxes on residents. They have no income tax, no property taxes, no capital gains taxes, no payroll taxes, and no withholding tax. A tax haven is any jurisdiction ...

Donald Trump returns to the White House after a weekend of addressing national issues and attending key events (Image via Getty/Chip Somodevilla) President Donald Trump has voiced his idea of ...

Deductions, also sometimes called tax write ... except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of filers qualify. 1. The home office deduction ...

FreshSplash / Getty Images Ordinary income is income earned by an entity or an individual that is taxable at marginal tax rates. It can include wages, salaries, tips, bonuses, commissions ...

Director Sukumar has had a wonderful end to 2024 with Pushpa 2. He has previously worked in films like Arya, Jagadam, and Nannaku Prematho. His recent film with Allu Arjun has shattered numerous ...

The Income Tax Department officials raided filmmaker Sukumar’s house and office in Hyderabad on Wednesday, January 22. As reported by Sakshi Post, the raids began early in the morning and continued ...

The late filing penalty may be higher if the CRA issued a demand to file the return and assessed a late filing penalty on a return for tax year 2021, 2022 or 2023. If you have a balance owing for 2024 ...

Attributing the rise in temperatures to the active upper air cyclonic circulation, the Met office said ... Dausa, Sikar, Jhunjhunu, Bharatpur, Alwar, Bikaner, and Sriganganagar districts of ...