From April 1, 2025, there will be zero tax payable on the taxable income up to Rs 12 lakh. This will happen if an individual ...

Finance Minister Nirmala Sitharaman said in the Parliament today (March 25, 2025) that the Finance Bill 2025 will be ...

For the 2024 and 2025 tax years, the tax brackets are 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Social Security benefits are not counted as gross income. However, benefits are included in your ...

Will the Minister of FINANCE be pleased to state: (a) whether Government expects an increase in income tax collections for Financial Year ... 25.20 lakh Crores, which is an increment of 12.65 per cent ...

Tax season is upon us and there are numerous ways to file your taxes for free, especially if you meet certain income requirements or have a simple tax return. Some programs are offered directly by ...

Macy Meyer is a North Carolina native who graduated from UNC-Chapel Hill with a BA in English and a second BA in Journalism. Macy is a Writer on the CNET How-To team, covering a variety of topics ...

A side gig like dog walking or driving for Uber could be a solution, but there are other ways to pump some extra income into your bank account. Got any used items that are still in good shape but ...

THE income tax threshold will be increased by $300,000 to $2 million over the next three years. The announcement was made on Tuesday by Minister of Finance and the Public Service Fayval Williams ...

A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings ... but under $47,150 is taxed at 12%, so you owe: $35,550 × 12% = $4,266 ...

Baidu saw its share price rise by 12% over the past week. The company's latest earnings report showed a slight dip in revenue but an increase in net income and earnings per share compared to last ...

Within that, this communication being the second in this series, includes aspects pertaining to the audit of Income Taxes, in particular, Deferred Tax Assets (DTA) and Deferred Tax Liabilities (DTL) ...