Under the new tax regime, the income tax slabs ... the standard deduction has been increased from Rs 50,000 to Rs 75,000. Family pensioners also benefit from a rise, with the deduction limit now at Rs ...

You can find your total tax on line 24 of Form 1040 and your taxable income on line 15. Have over $7,500 in tax debt? A tax relief service may be right for you Offers in this section are from ...

But watch this space: The tax cuts ushered in as part of the Tax Cuts and Jobs Act of 2017—related ... should be aware of the new income tax brackets, deduction amounts and exemption amounts ...

A few tax strategies can reduce your tax burden and help you get a bigger tax refund, but you'll need to act soon ... bill than deductions. Deductions lower your level of taxable income, tax ...

This section would allow companies to regularise and avail the ‘excess’ tax leading to regular tax liability. Section 115 BAA describes the corporate tax rate released on September 20 2019, under the ...

The Tax Cuts and Jobs Act (TCJA) became effective over ... cover everything from changes to the standard deduction and the child tax credit to income tax rates and even the availability and ...

The Comptroller and Auditor General (CAG) has found that road contractors in Maharashtra received “undue benefits” amounting to Rs 203 crore through reduced penalties imposed by the ... from future ...

The 4:1 majority ruling by a Constitution Bench of the Supreme Court of India, in October 2024, that upheld the constitutional validity of Section 6A of the Citizenship Act, 1955 is significant.

Taxpayers must disclose foreign income and assets by December 31, 2024, to avoid hefty penalties under the Income Tax and Black Money Acts. Listen to Story Failing to report foreign assets leads to ...

President-elect Donald Trump surprised Washington by picking someone to lead the IRS who has little experience with tax policy or large ... ever, on income, qualify.” The battle against sketchy ...