Finance Minister Nirmala Sitharaman proposed new income tax slabs under the new tax regime, which went into effect on April 1 ...

Between the financial years 2021-22 and 2023-24, corporate tax concessions had a significant revenue impact. For instance, deductions for SEZ units under Section 10AA resulted in tax savings of ...

Here is an example to understand this. Suppose your gross taxable income is Rs 21 lakh. This includes salary income, interest income from savings accounts and dividends from equity shares. No capital ...

In the Union Budget 2025, the Finance Minister announced significant changes to the new income tax regime Under the new tax system, people will not have to pay income tax on annual earnings up to Rs ...

US President Donald Trump announced new reciprocal tariffs to counter high duties charged on US goods by foreign countries.

Form 10B is not just a routine form— it’s the gateway to exemption for charitable and religious institutions under the Income Tax Act. Trusts must maintain proper books of accounts and ensure timely ...

An Income Tax Return (ITR) is a form taxpayers use to report their income, expenses, and other pertinent tax information to the tax authorities. It is a means of declaring the total income earned ...

Federal income tax is a necessary evil, but residents in a few parts of the country don't have to pay state income taxes. Eight U.S. states don't impose any kind of income tax and one only taxes ...

This article was written in collaboration with the Inland Revenue Authority of Singapore. All views expressed are the independent opinion of DollarsAndSense.sg. It was updated on 1 Apr 2025 to reflect ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...

Low tax rates have made it a magnet for global finance Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes ...

Want to maximize the wealth you're building without letting taxes chip away at it? When it comes to building wealth through investments, it's not just about how much money you make but how much ...