Your assessable income is your gross, or total, income from all sources before allowable deductions ... the tax payable on the dividend by the shareholder. Now, how much tax you actually owe ...

WASHINGTON – There's good news for the nation's wealthiest, car buyers, parents, waiters and waitresses in legislation that passed the U.S. House early in the morning on May 22. There's bad ...

WASHINGTON – There's good news for the nation's wealthiest, car buyers, parents, waiters and waitresses in legislation that passed the U.S. House early in the morning on May 22. There's bad ...

If taxpayers actually end up seeing a new, proposed tax break on the interest borrowers pay on car loans, at least some can claim it all started ... who itemize deductions. It also would apply ...

But that said, there are a potpourri of deductions in carve ... on top of the existing tax regime. So I don't view these as much of an improvement because all the arguments apply about how ...

The fate of President Donald Trump’s tax legislation may rest on whether the GOP can find common ground on tax breaks for high earners in predominantly Democratic states — and the issue also ...

The fate of President Donald Trump’s tax legislation may rest on whether the GOP can find common ground on tax breaks for high earners in predominantly Democratic states - and the issue also ...

as most other exemptions and deductions are not permitted under the new regime. The increased standard deduction aims to make the new regime more attractive and simplify the tax filing process by ...

Speaking to News24, Professor RK Gupta addressed various questions regarding the new and old tax regimes. The old tax regime in India represents the conventional taxation system that offers taxpayers ...

while the new regime has lower tax rates but fewer benefits. Know what you’re giving up and what you’re gaining. Use a tax calculator to estimate your tax under both regimes. Consider all income ...