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 ...

Income Tax: Central Board of Direct Taxes (CBDT) has finally notified income tax return filing forms (ITR-1 and ITR-4) via notification dated April 29, 2025. Taxpayers were eagering waiting for ...

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 ...

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 ...

One big problem: The math doesn’t work. Trump has repeatedly teased the notion of linking his tariffs with major income-tax cuts, floating a huge change in how the government raises revenue and ...

"And it's possible we'll do a complete tax cut, because I think the tariffs will be enough to cut all of the income tax," he noted. The president indicated Americans will be given "a tremendous ...

The House passed a budget bill proposing federal spending cuts, tax cuts, and increased funding in certain areas. The bill includes a proposal to eliminate federal income tax on overtime pay.

ITR Filing: To make payment of tax hassle-free, the Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal. According to the tax department, this will ...

In the new financial year, taxpayers are gearing up to file their income tax returns (ITRs) for FY2024-25 (Assessment Year 2025-26). At the same time, these taxpayers do their math to check how ...

Indiana’s individual income tax rate will already decrease over the next five years until it reaches 2.9% in 2027. Senate Enrolled Act 451 would lower it further starting in 2030. A family ...

The Mississippi and federal tax filing deadline is April 15, 2025. Mississippi has begun phasing out its income tax, but filing is still required for 2025. Taxpayers can track their Mississippi ...

Easley, File) Northern District Public Service Commissioner Brandon Presley ... (AP Photo/Rogelio V. Solis, File) No state has axed its income tax on wages in 45 years. Now 2 Southern states are on a ...