F&O trading comes with complex tax implications that need to be properly understood to ensure tax compliance and optimise ...

Power utility firm CESC Ltd, a unit of the RP-Sanjiv Goenka Group, on November 12 reported a nearly 3 percent rise in ...

As the government’s revenue from personal income tax rises, it will likely face greater scrutiny and higher taxpayer expectations regarding the tax system's efficiency, transparency, stability, and ...

Punjab and Haryana High Court held that date of submission of claim would be recognized on accrual of cash incentive and not from date of submission or receipt of cash incentive.

The Indian government's net direct tax collection grew 15.4% year on year to 12.1 trillion rupees ($143 billion) during the ...

Last week, its US based arm Novelis Inc posted an 18 percent decline in net income to $128 million in the September ...

Another method would be to use the number of patrons and average billing to estimate the business of a roadside restaurant.

Calculating income tax in India may seem difficult, especially for salaried employees. But, understanding this process is crucial for managing personal finances effectively and staying in line with ...

Income tax is paid on money you earn – that could be from employment, being self-employed, receiving a pension, or other forms of income, such as letting a property. Your taxable income is the amount ...

The earned income tax credit (EITC) is a tax break available to low- and moderate-income wage earners. It is a refundable tax credit that reduces the amount of taxes owed on a dollar-for-dollar basis.

Tax brackets are progressive; higher income equals higher tax rate. Tax deductions lower taxable income, credits reduce tax owed directly. Understanding effective tax rate helps gauge actual tax ...

The IRS also announced adjustments for standard deductions, earned income tax credits, the alternative minimum tax and more. Federal tax brackets 2024 tax brackets 2025 tax brackets What tax ...