The Income Tax Department has released the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26. Thus enabling taxpayers with capital gains, crypto earnings, foreign assets along with ...

Net direct tax collections grew 6.33% to Rs 11.89 lakh crore so far in AY 2025-26 as against Rs 11.18 lakh crore in the same period a year ago, mainly due to a sharp dip in income tax refunds, ...

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday extended the deadline for filing the income tax returns for the 2025 tax year by 16 days. The notification stated that the income tax ...

The U.S. has a progressive income tax system -- which means that the more money you earn, the higher your marginal tax rate. The good news is that the tax brackets are changing for 2026 tax year, so ...

Chancellor Rachel Reeves has refused to rule out an income tax rise in next month's Budget, amid speculation she is considering breaking a key Labour election pledge. Asked about reports, first ...

President Donald Trump’s new tax bill cuts the income tax liability for many Americans. Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax ...

Poland’s new president Karol Nawrocki, who came into office in August, has signed off a zero income tax law for families with two or more children, following through on one of his campaign promises.

The top 1 per cent of taxpayers are responsible for around a third of the total paid in combined income tax and capital gains tax. The Chancellor says taxing the wealthy more will be 'part of the ...

Tax authorities have raided the local offices of Graviton Research Capital LLP as the country steps up scrutiny of trading firms. The raid at Graviton’s offices near New Delhi began at the start of ...

Claiming family tax credits is a must if you're eligible. Not only can family tax breaks lower your tax liability, but they may even increase your refund. However, which credits you qualify for can ...

Your savings account meets your monthly needs: salary, bills, EMIs, or sometimes transferring or receiving money. All this seems normal, but now the Income Tax Department is keeping a close eye on ...

Sir Tony Blair believes the top rate of income tax should be cut to below 40 per cent, putting him at odds with Sir Keir Starmer and Rachel Reeves. As the Chancellor prepares to increase taxes yet ...