However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

The additional Medicare tax is a 0.09% tax on taxpayers who make over $200,000 as individuals or $250,000 as married couples. Started in 2013 as part of the Affordable Care Act, it helps fund care ...

The Conservatives would take 1p off the basic rate of income tax in Wales if they take power in next year's Senedd election, the party's leader in the Welsh Parliament has pledged. Darren Millar ...

How does tripling your passive income sound? In this video, I look at three recession-proof dividend stocks that could supercharge your portfolio. Plus, don't miss the #1 mistake most dividend ...

The Income Tax (I-T) Department has notified income tax returns for assessment year 2025-26 (financial year 2024-25) enabling the filing of returns effective April 1. This year onwards, the tax ...

In a move set to ease the tax filing burden for a significant portion of the taxpayer base, the Income Tax Department has officially notified the Income Tax Return (ITR) forms 1 and 4 for the ...

Income Tax Return: The government has notified the ITR-1 (Sahaj) and ITR-4 (Sugam) forms for the assessment year 2025-26. The government has made certain changes this year and now individuals with ...

WHY IS IT IMPORTANT? This scheme covers income tax disputes that were stuck at different stages, such as those pending with the Commissioner of Income Tax (Appeals), Income Tax Appellate Tribunal ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

There are a number of income tax (I-T)-related ... cum-statement in respect of tax deducted under section 194S (by a specified person) in March 2025. V. Tax deducted under other provisions ...

Filing an Income Tax Return (ITR) for the assessment year 2025-26 requires various documents based on your income sources and chosen tax regime. Essential papers include the Permanent Account ...

The finance ministry had introduced the faceless scheme to increase transparency, reduce human interface and prevent corruption. The scheme is called "faceless" as the assessee does not get to see ...