His experience spans budgeting, tax policy, foreign investments ... of exempting all those earning up to Rs 12 lakh a year from paying income tax to boost demand and drive growth in the economy.

From April 1, 2025, individuals with a tax income of Rs 12 lakh or less in the new taxation regime will not have to pay any ...

Starting April 1, 2025, individuals opting for the new income tax regime won't pay taxes on taxable income up to Rs 12 lakh.

In an order bringing relief to the Indian Broadcasting Foundation (IBF), which was incorporated to protect the interests of various stakeholders in the field of television broadcasting, the Delhi ...

the Income Tax department had earlier said. The new bill has a word count of 2.6 lakh, lower than 5.12 lakh in the I-T Act. The number of sections is 536 against 819 effective sections in the ...

The amount of the tax depends on your income, filing status, and how long you held the stock. Also, expect to pay taxes on dividends, which are distributions paid by companies to their shareholders.

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 ...

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 ...

In the 2025-26 Budget, the government has hiked income tax rebate to ₹12 lakh per annum from ₹7 lakh earlier. For the salaried class, this rebate will be ₹12.75 lakh per year after taking ...

Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income. Brackets may change. The standard deduction could fall.

Giulia Carbonaro is a Newsweek reporter based in London, U.K. Her focus is on the U.S. economy, housing market, property insurance market, local and national politics. She has previously ...

The Supreme Court on Monday granted interim bail to suspended IAS officer Ranu Sahu in the alleged Chhattisgarh coal levy scam. Businessman Suryakant Tiwari, one of the main accused and Saumya ...