Finance Minister Nirmala Sitharaman has announced important changes for the salaried class in Budget 2025. Under the new tax ...

The Union Budget 2025 has revamped the new tax regime, exempting individuals earning up to Rs 12 lakh annually from income ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

said that scrapping the Old Tax Regime entirely and rationalising income tax slabs under the New Tax Regime is a logical next step. “Today, under the New Tax Regime, income tax has become much ...

For the salaried taxpayers, one of the major changes came in the 2020 Budget when a new and simplified optional tax regime was introduced with lower tax rates but without the benefit of most ...

Following the tax reforms in the country, United Bank for Africa (UBA) Plc is set to host a Knowledge Series webinar specifically dedicated towards informing and educating small and medium ...

The old tax regime offered numerous tax deduction options under various sections that encouraged savings. While the new regime is simpler, it comes with fewer deductions. Insurance penetration remains ...

“The Union Budget 2025 brings the old versus new tax regime debate back into focus, highlighting the need for tailored financial planning. The old regime’s exemptions suit those who prioritise savings ...

The new tax regime, designed with lower tax rates and fewer deductions, aims to simplify the tax process and encourage more taxpayers to opt for it. However, it currently allows fewer tax-saving ...

The Marcos administration will continue to push for the passage of its remaining tax measures this year to offset the impact of a slower rate-cutting cycle on the government’s debt service ...

The funds will be used to lobby members of Congress, especially new lawmakers. “We are trying to connect the dots between the tax status of these organizations and the important public good that ...

Finance Minister Nirmala Sitharaman is expected to present the Union Budget on February 1, with the salaried class anticipating greater income tax reliefs in the announcements. In her previous budget ...