If you are still confused about which tax regime to choose after Budget 2025 proposals, here is how to choose between the old, new and proposal newer income tax slabs.

Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating tax for incomes up to Rs 12.75 lakh. Taxpayers must compare ...

This year, the federal government promises a new era of easy, inexpensive tax preparation with free filing options from the Internal Revenue Service (IRS). While the ability to use online forms to ...

but the new approach, if implemented, would encourage states to contribute more to the national revenue pool. He pointed out that the main intent of VAT as a consumption tax is not to deprive any ...

Nigerian governors have expressed their support for the tax reform bills initiated by the federal government, proposing a new sharing formula for value-added tax, VAT. This is coming after meeting ...

IN the past several days, the writing on the wall for the Marcos-Romualdez regime has clearly appeared: It is a moribund government that is merely waiting for the family's history of being forcibly ...

Spanish Prime Minister Pedro Sanchez said the “unprecedented” new tax was needed to solve the country’s housing crisis. In recent years, rents have skyrocketed in Airbnb-dominated cities ...

Currently, individuals can file their ITR either under the old tax regime which offers benefit of deductions and exemptions, or under the new tax regime which offers a lower rate of taxes.

A large swath of New Yorkers could benefit from a major tax cut aimed at middle-class workers, but is it too good to be true? Gov. Kathy Hochul pledged a middle-class tax cut that would deliver ...

But there was scepticism about whether the new General Secretary will be able to manage a much broader mandate. Many doubted the ability of a policeman to keep order in the ruling Party, run a ...

The move to increase the “gun tax”, part of the Government’s police funding settlement, is expected to raise £20 million. Forces will be allowed to pass on the full cost of administering ...

Currently, India offers two income tax regimes: the new tax regime and the old tax regime, each with its distinct tax slabs. Let’s take a look at the current tax slabs for both regimes: Up to ₹5 lakh: ...