Companies with above Rs 500 crore PBT have seen their effective tax rate decline in 2022-23 compared to those in the Rs ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...

It was under then Prime Minister and Congress leader Indira Gandhi that India saw the highest tax rate of 97.5% in 1973-74.

The government has reported a rise in direct tax collections and foreign investment inflows following corporate tax rate reductions, effective from AY 2020-21 (except the pandemic-affected FY 2020-21) ...

Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special ...

Corporate tax collections in India, as a percentage of GDP, have varied over the past five years, starting at 2.8% in FY 2019-20 and reaching a provisional 3.1% in FY 2023-24. Collections dropped to 2 ...

Employees earning up to Rs 13 lakh can now save income tax over and above the Rs 12 lakh income limit as there is a standard ...

Additionally, a 2% Medicare levy raises the effective maximum tax rate to 45.9%. The maximum income tax rate of 45% applies to income exceeding €555,652 (approximately ₹5 crore) for married ...

The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes ...

Navigating the complexities of the U.S. tax system can be daunting, but understanding your tax bracket and how it affects ...

A local tax attorney said there is a broad consensus globally for the adoption of the DMTT, making it extremely difficult for companies to find a jurisdiction that will not ...