A $1,000 tax deduction would lower their taxable income from $60,400 to $59,400. At the expected tax rate of 22%, that ...

A month before IRS Commissioner Danny Werfel resigned Jan. 20, he announced a plan to get stimulus cash to 1 million ...

Key measures, including tax reliefs and incentives for private sector, reflect a balanced approach to making India a ...

Observing procedural lapses, ITAT ruled that the penalty appeal should also be reconsidered in light of the fresh adjudication of quantum additions. The Tribunal restored the case to CIT (A), ...

A petition was lodged on the Parliament,UK website this week calling for the income tax personal allowance to be raised from ...

The total revenue impact on account of tax benefits extended to companies was Rs. 96,892.39 Crores and Rs. 1,09,333.38 Crores (projected) in FY 2021-22 and FY 2022-23 respectively (Source: Receipt ...

Since the fiscal year 2021/22, several UK tax allowances have been "frozen", meaning they no longer rise in line with the ...

Buoyant personal income tax revenue allows tax relief in FY26 budget, according to finance secretary Tuhin Kanta Pandey. States need to implement reforms to qualify for interest-free loans. The ...

Key moment hit as Treasury to make official response to calls as millions hit by 'fiscal drag' with poorest paying more due ...

Since 2021-22, the government has increased its intake from taxes and ... The government’s own data shows that about 75.5 million individuals filed an income tax return for the assessment year 2023-24 ...

Since the fiscal year 2021/22, various UK tax allowances have been "frozen", which means they no longer increase in ...

During the campaign, President Donald Trump floated an “all tariff policy” he said would replace federal income tax. Here’s ...