A government agency that undertakes the direct collection of tax in India is the Income Tax Department. All operations of the department are handled by the Central Board for Direct Taxes (CBDT).

7% of Income tax where total income is more than ₹1 crore 12% of Income tax where total income is more than ₹10 crores ...

The Income Tax Act, 1961 differentiates between Resident Indians and Non-Resident Indians (NRIs), determining tax liability based on residency status. NRIs are only taxed on income sourced in ...

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Income inequality is consistently a major topic in U.S. presidential races. Gini coefficient figures have ranked the U.S. as one of the worst places for income equality among developed economies ...

or initiatives like the Child Tax Credit (CTC) or the Earned Income Tax Credit (EITC). Tax relief can help individuals or businesses lower their tax bills or settle tax-related debts. Tax ...

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

In the Union Budget 2024, the Finance Minister announced significant changes to the new income tax regime. The revisions include new income tax slabs for the fiscal year 2024-25. The standard ...

As the year winds down, you may be wondering just how much tax you’ll be paying once you file your 2024 income tax return. Especially if you changed jobs or earned self-employment income ...

The income tax department received suggestions for the Income Tax Act review. Finance Minister Nirmala Sitharaman chaired a meeting on the review. 22 sub-committees were established to examine the Act ...

Dividends, paid in cash or stock, are considered taxable income by the IRS. Qualified dividends enjoy lower tax rates than nonqualified ones, impacting investment choices. Key findings are powered ...