FY26 has brought with it several tax changes – the biggest one of them being the huge sweetener in the new income tax regime. This, along with major capital gains tax changes announced in July 2024 ...

With April 15’s tax day still fresh in mind, this Behind the News explores the origin of the federal income tax and finds ...

House Republicans are set to dive into discussions over the state and local tax (SALT) deduction cap on Wednesday, officially ...

With revised tax slabs and higher rebates, financial advisors should guide clients in evaluating which tax regime best suits ...

Tax planning doesn’t need to be a difficult task. Being proactive with your tax planning will help you secure a more ...

WASHINGTON—President Trump keeps suggesting that tariffs can replace income taxes for most Americans. One big problem: The ...

The new tax regime also offers a higher standard deduction. Last year, it was raised from Rs 50,000 to Rs 75,000 for salaried ...

Under the new income tax regime, taxpayers can now avail of a standard deduction of up to Rs 75,000, which makes an annual ...

Other commonly available deductions internationally for salaried class include those for house rent, mortgage interest, life ...

Are you planning to shift from old to new tax regime during actual ITR filing this fiscal? keep the following things in mind.

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...