Finance Minister Nirmala Sitharaman has made the new tax regime more attractive by making income up to Rs 12 lakh tax-free in the budget. No changes have been made to the old tax regime in the budget.

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax year.

The Simplified Income Tax Bill 2025, introduced by Finance Minister Nirmala Sitharaman, will replace the outdated Income Tax ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Delhi, recently heard an appeal by the Revenue concerning the taxability of interest income earned by MB Power (Madhya Pradesh) Ltd. during the pre-commencement phase of its business operations for ...

After Budget 2025 generously slashed tax rates across all income ranges in the ... Well, not yet for those paying rent. Tax-saving component of the house rent allowance (HRA) makes the old tax ...

These conditions include being a salaried person who is paying rent for a residential property, and receiving HRA as part of their salary. HRA is a part of your salary income ... Tax. To claim this ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Jason Smith, chairman of the U.S. House ... a no tax on tips rule. Granted, the IRS has noted, that all income, no matter the amount, is taxable unless it’s excluded by law whether a Form ...