The Income Tax Department’s latest updates to ITR-1 and ITR-4 for Assessment Year 2025–26 have sent a clear message—claiming ...

The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for many.

5. Select “Yes” to opt for the old regime Choose “Yes” when asked if you want to opt for the old tax regime under Section 115BAC(6). 6. Continue with filing and submit before the deadline Fill in your ...

It’s time to file an Income Tax Return (ITR) for the assessment year 2025-26. The Central Board of Direct Taxes (CBDT) has notified different ITR forms (Forms 1-7). Various supporting utilities ...

When we think of tax, the first one that comes to mind is probably the chunk that evaporates from our pay cheques. Taxpayers have been handing over a slice of their income to the state since 1799 ...

However, tax experts caution against such haste while filing income tax returns (ITRs), even if the utility becomes available. Taxpayers should wait until 15 June. This is because banks ...

The temporary provision would apply to tax years 2025 through 2028. The deduction would start to phase out for single filers with more than $75,000 in modified adjusted gross income, and for ...

State leaders rolled out the Fiscal Year 2026 budget, which includes an income tax cut. Republican leaders did not originally see eye-to-eye on the logistics of the cut, but did come to a compromise.

The Income Tax Department has released all seven ITR forms for the Assessment Year 2025–26. Salaried individuals, freelancers and small businesses not requiring an audit must file their returns by 31 ...

Prime Minister Mark Carney and Canada's department of finance have announced a major income tax cut promising billions of dollars in savings. In one of the first orders of business on the ...

Economists found that many Americans who make less than $51,000 a year would see their after-tax income fall as a result of the Republican proposal beginning in 2026. The Penn Wharton estimate ...