Direct taxes are levied on taxpayer’s income and profits; however, indirect taxes are charged on goods and services. Let's understand in detail about tax system.

The Income Tax department on Tuesday extended the due date for filing ITRs for Assessment Year (AY) 2025-26 to September 15 from July 31.

New Hampshire has no state tax on income, but it does make residents pay a 5% tax on income earned from interest and dividends. Does yours make the list? These 8 states don’t have income tax.

Gross income for an individual is your total income before taxes and other deductions. Gross income for a business is a figure calculated by taking total revenue minus the direct cost of producing ...