Deductions related to salary, including standard deduction and leave encashment, are now grouped under a single clause ...

A major shift under the Financial Bill 2025 allows non-residents to adjust acquisition costs based on currency fluctuations ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Fortunately, Utah now joins with 13 other states, offering a state child income tax credit that helps low-income families pay ...

By avoiding abrupt policy shifts or tax rate changes, the bill focuses on a predictable fiscal environment for businesses and ...

If you want to reduce your tax bill, you have to think like a millionaire. A recent article on Robert Kiyosaki's website explained that the rules of money are often skewed in favor of the ...

The new bill has preserved the tax policies and key provisions of the Income-Tax Act, 1961. Redundant rules have been removed, and the remaining text of the tax law has been simplified for easier ...

U.S. Rep. Thomas Massie, a Kentucky Republican, recently announced reintroduction of the Senior Citizens Tax Elimination Act ...

Summary: Income Tax Bill 2025 was introduced in Parliament on February 13, 2025, as announced by Finance Minister Smt. Nirmala Sitharaman during her budget speech on February 1, 2025. This proposed ...

Proponents claim "small businesses" rely on the pass-through deduction, but the benefits greatly favor the very rich.

The new Income tax bill, 2025 is now reality with proposed implementation from thee F.Y 2026-27 replacing the existing income tax act, 1961 with avowed purpose to simplify the most complex direct tax ...

The New Income Tax Bill 2025, which aims to replace the Income Tax Act 1961, seeks to simplify and simplify tax rules. We ...