Clubbing of income is done to ensure taxpayers do not avoid paying their tax liabilities through moving of incomes of assets ...

Summary: Income Tax Bill 2025 was introduced in Parliament on February 13, 2025, as announced by Finance Minister Smt.

Summary: The Finance Bill 2025 proposes significant amendments to the Income Tax Act, particularly regarding tax slabs, deductions, and compliance procedures. Under the new tax regime, the income tax ...

During her speech, the Finance Minister announced that individuals earning up to Rs 12 lakh will be exempt from paying taxes.

The Immigration Assimilation Resources Fund would get 62% of the money. That would be distributed to Alabama counties in ...

Deductions related to salary, including standard deduction and leave encashment, are now grouped under a single clause ...

Proponents claim "small businesses" rely on the pass-through deduction, but the benefits greatly favor the very rich.

Fortunately, Utah now joins with 13 other states, offering a state child income tax credit that helps low-income families pay ...

The Finance Bill 2025 has introduced a new tax regime starting from the financial year 2025-26, making income up to Rs 12 ...

House Bill 1369 was heard by the House Finance Committee on Wednesday and proposed repealing credits for solar, wind, and ...

Legislators filed nearly 2,000 bills, plus more than a 1,000 resolutions in the 2025 General Assembly session. Most died.

"When taxpayers expect prompt customer service and smooth processing of their tax returns, the administration has chosen to decimate the whole operation by sending dedicated civil servants to the ...