To be able to claim income tax deduction for FY 2024-25, taxpayers must invest in a tax saving scheme given in the relevant ...

The personal income tax (PIT) collection over the last ten years shows a steady increase, rising from ₹2.65 lakh crores in FY 2014-15 to ₹10.45 lakh crores in FY 2023-24, with its percentage to GDP ...

Fortunately, you’ll find some light at the end of the tax year: federal tax credits and deductions that apply directly or indirectly to caregiving costs. Here are some ways family caregivers may be ...

For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they ...

If you pay health insurance premiums for your parents, you can claim an additional tax deduction of Rs 25,000 if they are ...

The Government has further amended the new tax regime to reduce the taxes, especially keeping in focus the middle class. The article relates to reform introduced in personal income tax in Budget 2025.

We often hear about businesspeople or movie stars paying advance taxes amounting to crores of rupees. The deadline for paying ...

Learn the step-by-step process for filing corporate income tax in the Philippines and ensure compliance for your foreign ...

Want to save taxes while growing your wealth? Discover the best tax-saving investments like ELSS, NPS, PPF, and ULIPs.

PIT collection as a share of GDP surged, new tax regime introduced, simplification exercise in new Income Tax Bill.

The latest Union Budget has expanded tax deductions for contributions made to the National Pension System's Vatsalya child ...

Last three weeks are remaining before the taxpayers can invest to claim income tax deduction such as PPF, SSY, SCSS, NSC, KVP ...