The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs 12 lakh annually to pay zero income tax under the new regime. This move aims ...

2. It is proposed that TDS rate under section 194LBC of the Act be reduced from 25% and 30% to 10% as this sector is sufficiently organized and regulated. 3. This amendment will take effect from the ...

The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

The CBDT Chairman also cited the new tax regime (NTR), where there are no deductions or exemptions allowed like the old ...

Gov. Kevin Stitt is expected to push tax cuts despite lower revenue and state agencies' requests for $200 million to 300 ...

Vanishing ARPA funds will test Gov. Ned Lamont’s commitment to budget ‘guardrails' as lawmakers seek more funds for Medicaid ...

If you think you need to file a return this year, maybe for the first time, you're likely wondering where to start.

The tariffs if sustained could cause inflation to significantly worsen, possibly eroding voters' trust that Trump could as ...

Trump is declaring an economic emergency to put duties of 10% on all imports from China and 25% on imports from Mexico and ...

Federal efforts to rein in spending may clash with priorities in Michigan, where 4 out of every 10 budget dollars are sent ...

The finance minister announced steps to tackle slowing growth, rising prices and low middle-class consumption.

Indian Prime Minister Narendra Modi's government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by ...