The generation-skipping trust tax exclusion is the same as the gift and estate tax lifetime exemption: $13.99 million for single taxpayers in tax year 2025 or $27.98 million for couples filing ...

Tax rebate will be provided to those earning up to ₹12 lakh under the new tax regime. In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab w ...

Definition: STT is a kind of turnover tax where the investor has to pay a small tax on the total consideration paid or received in a share transaction. Description: STT was introduced in the Budget of ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter ...

11/2017-Central Tax (Rate). The amendment will take effect from April 1, 2025. 1. In the said notification, in the Explanation, for item (c), the following shall be substituted, namely,- “ “specified ...

April 15 is the filing deadline for 2024 federal income tax returns for most people. Others in states hit by disasters have until May 1 or Oct. 15. Already filed your taxes? Here’s how much you can ...

“Looking at the biased attitude of the government towards the new tax regime, the increasing number of people opting for it and the fact that the limits of various deductions available under the ...

Definition: Tax-planning funds cater to the investors' need of minimizing tax burden on the returns from investments. They are also called equity-linked tax saving funds or ELSS. These funds are ...

A young girl who was the sole survivor of a car crash that killed her father, brother and sister has made a near-full ...

The growth and size of its platform is also driving the increases in its advertising business. Ad impressions were up 6% year ...