The simplification of rules will help taxpayers easily file their income tax returns without any calculation as they can claim the value of any two houses as zero. The deemed calculation of house will ...

The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...

Finance minister Nirmala Sitharaman on Saturday announced income tax cuts in ... pay nil taxes under the new tax regime. The central government's tax slab calculation. The minister also announced ...

There will be zero income tax up to an annual income of ₹12 Lakh under the new tax regime, FM Sitharaman has announced.

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you ...

The calculation involves: Determining total income including all sources such as ... Taxpayers can claim a refund by filing their income tax returns. HRA (House Rent Allowance) is a component of the ...

Owning real estate property overseas can be a great investment. U.S. cross-border tax planning and fully understanding U.S.

To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...

Select Age Group: Select your age group. This is because tax liability as per the government rules is based on the age of the income taxpayer. Proceed to Next Step: Click on ‘Go to Next Step’. Enter ...

The new income tax slabs introduced in Budget 2025 will allow salaried individuals to save up to Rs 1,14,400 in income tax. This calculation is based on the assumption that the ... The option of ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...