To help sort through it, here is a list of some common types of nontaxable income. Of course, it's good to consult a trusted tax professional or financial adviser if you are uncertain about your ...

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

The disability tax credit (DTC) is a non-refundable tax credit that helps people with disabilities, or their supporting family member, reduce the amount of income tax they may have to pay. If you have ...

Income Tax Slabs ... you can now claim tax benefits on both properties. Previously, tax relief was only available for one self-occupied house. Thirty-six life-saving drugs, wet blue leather, lithium ...

comparing the new tax slabs with the old, and shows you how much you can save based on your income level. Payer Current threshold to deduct TDS Proposed threshold to deduct TDS A banking company to ...

The huge transfer of funds will help the government to narrow its fiscal deficit to 4.4 per cent of the GDP. To offset a drop in income tax revenues because of the cuts announced in the Union ...

Individuals earning up to Rs 12 lakh yearly would not be required to pay any income tax under the new tax regime ... a blended finance facility with contribution from the Government, banks and private ...

Therefore, you can expect normal banking operations on Budget Day, allowing the market and other financial institutions to function seamlessly as the budget announcement takes place. Complete List of ...

Modi government presented its first full-year budget in his third term. Follow Bloomberg India on WhatsApp for exclusive content and analysis on India's pitch to the world. Sign up here.

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).

Wema Bank Plc has reported a profit before tax of N102.105 billion for the year ended December 31, 2024, marking a 134% year-over-year (YoY) growth from the previous year. The unaudited Group ...