The tax bill that Republicans are now putting together on Capitol Hill takes the gambit to a whole new level. Almost all of the new tax cuts that Republicans have included in the bill, which could ...

Income tax calculations, ITR filing for FY2526: In the new tax regime, tax slabs have been significantly revised. These slabs will be applicable for the income earned in the financial year 2025-26.

According to the Union Budget 2025, in the new tax regime, taxpayers get income tax-free up to Rs 12.5 lakh. Which means that you do not need to pay any tax on income up to Rs 12 lakh.

among others to get the cap, which will limit deductions for tax filers with incomes higher than $500,000. Both Lawler and Stefanik have hinted at gubernatorial ambitions — and incumbent New ...

The president is said to want to create a new top income bracket for people making more than $2.5 million per year and to tax income above that level at a rate of 39.6 percent. By Andrew Duehren ...

WASHINGTON, May 12 (Reuters) - Republicans in the U.S. Congress proposed new tax breaks for tipped income, overtime pay, private school tuition, seniors, and state and local taxes on Monday as ...

Last December, the UN General Assembly passed a resolution to start negotiations on a new, fairer global tax architecture ... opportunity to create a more equitable and efficient global tax regime, ...

Instead of eliminating taxes on Social Security benefits, the House bill includes a new tax break for senior citizens: an extra $4,000 deduction for filers who are 65 and older. Called an ...

public sector banks and undertaking. Also, as the additional 4% deduction is available only in the new tax regime, more employees will consider shifting to the new tax regime. Thus, with this ...

With the new tax regime looming, companies were rushing ... since it only attracted a 23.3% tax in the hands of the company undertaking the buyback. On the other hand, dividends could be taxed ...