When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...

Elon Musk previously created confusion of whether the IRS Direct File program was available. Some fintechs are offering free ...

Experts say the layoffs of roughly 7,000 IRS probationary workers likely mean the end of the agency’s plans to go after ...

President Donald Trump has suggested getting rid of a federal income tax. Here's what paychecks nationwide would look like, ...

While campaigning for the presidency, Donald Trump suggested abolishing the United States income tax in favor of an "all tariff policy." Despite the fact that many economists and policy experts ...

While work on tax responsibility has lagged behind other CSR research, evidence is mounting that paying corporate taxes has ...

halbergman / Getty Images A tax base is the total value of all assets, properties, individual income, and corporate income in a certain area or jurisdiction. To calculate the total tax liability ...

Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable ...

The Union Budget 2025-26 made several changes to the new income tax regime, including revising the tax slab rates and increasing the tax rebate to INR 60,000 for incomes up to INR 12 lakh under ...

If you’re a 20% rate taxpayer, you can earn £1,000 in savings interest before you have to pay income tax on it, while higher 40% earners can earn £500 in savings interest before paying tax.

State tax officer R. Bindu Soman revoked the registration with effect from December 13, 2024, after it was found that IMAGE had suppressed facts and provided misstatements to the GST Department.