The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, ...

As per Vasudeva, in the old tax regime, premiums paid on health insurance policies qualify for deductions under Section 80D.

Taxpayers should consider a few key factors before making a choice. The old regime allows deductionswhereas the new regime ...

The Federal Government deducted N800bn from state allocations in 2024 to service foreign debts and other contractual ...

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

However, this deduction falls under the state and local tax (SALT) cap, which limits total deductions for state and local taxes, including property and income taxes. The cap is $10,000 for single ...

The government refunded 12.55 lakh faulty toll deductions in 2024, amounting to 0.03% of FASTag transactions. Over Rs 2 crore in penalties were imposed on toll agencies. NHAI plans AI-based monitoring ...

The results for the Kerala Lottery’s Nirmal NR-424 draw are announced today, March 21, 2025, at around 3 PM. However, the ...

NEITI has reported that FAAC disbursed a record N15.26 trillion in 2024, driven by fiscal reforms and subsidy removal.

The record-high FAAC disbursements were attributed to major fiscal reforms implemented by the federal government.

Homeowners can deduct state and local property taxes they pay each year. However, this deduction falls under the state and local tax (SALT) cap, which limits total deductions for state and local taxes ...