ITR filing: At the time of filing income tax return, taxpayers are supposed to be aware of different provisons which apply to the new tax regime Income Tax: After a long wait, Central Board of ...

and individuals with business or professional income. Yes, salaried individuals and pensioners can switch tax regimes every year while filing their ITR. Even if you have informed your employer about ...

Receiving a notice from the Income Tax Department can be unsettling, even if you have filed your return on time. But why does this happen and how can you minimise the chances of getting a notice even ...

Income tax rules: Can you change the tax regime while filing ITR? The income tax rules allow a taxpayer to choose any tax regime while filing an income tax return. This means that an individual who ...

However, Trump said that this time there is a "real chance" that reciprocal tariffs could replace income tax. United States President Donald Trump said that this time there is a "real chance" that ...

As the new financial year 2025–26 gets underway, the focus for millions of taxpayers now shifts to income tax return (ITR) filing. The income tax department is expected to notify the relevant online ...

Kansas Republicans overrode the governor's veto to enact a flat income tax plan. The flat tax will gradually reduce income tax rates to a single rate of 4% based on economic benchmarks.

"There is a chance that the money from tariffs could be so great that it would replace (the income tax). You know, in the old days, about 1870 to 1913, the tariffs were the only form of money.

And will cities take advantage of a new provision that allows them to implement an income tax? It will take a while for officials to decide as they define what the actual impact to their budgets ...

The Income Tax Department has continuously been expanding the scope of monitoring tax evasion. Tax officials have scaled up the use of Artificial Intelligence (AI) and data analytics to enhance ...

On the federal side, there are multiple tax brackets, ranging from 10% to 37%. It’s important to understand that as you make more income, you shift into a different tax bracket. I jotted down a ...

For most people, income tax makes up the largest portion of the taxes they will pay over their lifetimes. It is also the UK Government's biggest tax source of revenue, accounting for 25 per cent ...