A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

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New Delhi, Feb 4 (IANS): Fiscal consolidation glide path is maintained with the Union Budget and tax cuts should spur discretionary consumption especially among the salaried class, a report showed on ...

Experts predict that if the government eliminates certain taxes, it may introduce new ones to compensate for the revenue shortfall. These could come in the form of broader consumption taxes ...

Finance Minister Nirmala Sitharman announced on Saturday that incomes up to ₹12 lakh would not be liable to any income tax. Spurring aggregate demand and household consumption have been among ...

Sameer Gupta, National Tax Leader, EY India, commended the budget’s focus on economic progress. “The enhanced tax rebates will ensure more disposable income, stimulating consumption and fueling ...

While completing your taxes is no easy feat, especially since tax codes change yearly and vary from person to person, you don't have to be completely in the dark with this cheat sheet. The ...

The waiver on personal income tax for income up to Rs 12 lakh is expected to ease the financial burden on the salaried class, soften the impact of rising prices, thereby drive consumption ...

By establishing the new tax regime as the default choice, the system becomes more user-friendly for taxpayers, aligning with the government’s goal of boosting domestic consumption and ensuring ...

This is Union Finance Minister Nirmala Sitharaman's record 8th consecutive budget presentation, coming in the backdrop of slowing economic growth.

CHENNAI/BENGALURU (Reuters) -India's plans to cut personal income tax rates will put more disposable income in the hands of the people and eventually boost consumption in the world's fifth-largest ...