Under the new tax regime, there is a small tax exemption of Rs 3,500 per financial year available on the interest earned from ...

The Investment Declaration form needs to be submitted at the start of the financial year so that the Tax Deduction at Source ...

"Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

Taxpayers will soon be able to file their income tax returns for the recently concluded financial year. The online portal is ...

Confirmed by Labour Chancellor Rachel Reeves in the Autumn Budget last year, the maximum deductions from the standard ...

Due to an error in Budget 2025, a salaried employee may not be able to avail of the standard deduction of Rs 75,000 from ...

The Department for Work and Pensions (DWP) will lower the cap on the maximum level of deductions that can be taken from a ...

In a notification issued on 23 April 2025, the CBDT stated that taxpayers cannot claim deductions for settlement payments arising from legal proceedings under the Securities and Exchange Board of ...

The 2017 Tax Cuts and Jobs Act (TCJA) is set to expire this year, yet only 45% of Americans are aware of it, according to the ...

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce ...

Assessed value and property taxes are still on the rise in response to increasing sale prices in Johnson County.

So even with a salary of Rs 18 lakh, if you use the right exemptions and deductions, like standard deduction, home loan ...