Financial services company Fidelity International says it is possible to save up to £18,800 with some clever tax-planning ...

Consequently, it is thought that around nine million pensioners will be subject to income tax on their state pension in the near future. The development has been dubbed "Labour's retirement tax" by ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax regime and claim tax exemption, one has to first opt out of the new tax regime f ...

Meanwhile, you can use this Income Tax Calculator to find out which regime suits you more in view of the exemptions you are entitled to and the tax slab you fall under. Here we give a lowdown on ...

Furthermore, the TCJA put a $10,000 cap on the state and local tax (SALT) deduction. If the cap is retained once the TCJA ...

As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total population. Assuming there is only one taxpaying member in each family, which of ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance ... wichayada suwanachun / Getty Images Tax-exempt interest is a type of income that is not subject ...

"By virtue of the rebate only taxpayers with incomes up to Rs 12 lakh under the new regime would not have to pay any tax ...

Finance Minister Nirmala Sitharaman implemented changes to the slabs, rates, and rebates under the New Tax Regime to ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

New Tax Regime: The proposals in the Union Budget for the new tax regime include full exemption for individuals earning up to Rs 12 lakh per year. The tax slabs have been extended, with a new 25 ...

An Iowa House bill would create tax-exempt catastrophic savings accounts that Iowans could open to save for disasters.