The Income Tax Department has announced good news for taxpayers who are eligible to claim section 87A tax rebate for FY ...

ITR: To claim a tax deduction in FY25 for which you would file an income tax return (ITR) before July 31, the investment must ...

Another challenge experienced with the old withholding tax regime was the failure to address emerging economic ... pay-as-you ...

AS we usher in 2025, let’s revisit some key aspects of the 2024 tax legislation that have significantly transformed the taxation landscape in the Philippines. We welcomed the year 2024 with the ...

(a) In Direct tax Code 2025, there will be a probability that higher rate of tax is 35% as against in income tax i.e. 30% but due to surcharge that effective rate became 42.744%. Surcharge may be ...

As Budget 2025 draws near, discussions are heating up about the possibility of scrapping the Old Tax Regime in favor of a ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in ...

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a ...

The 2024 Union Budget reformed India’s income tax system, introducing new tax slabs and increased standard deductions. These ...

Interest rates on small savings schemes remain unchanged; government aims to prevent funds from moving to bank deposits.