Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency also debuted a new online tool to help taxpayers check the status of any refund they may be ...

Premium Budget 2025 Expectations Highlights: As we near Finance Minister Nirmala Sitharaman's eighth Budget speech, corporates share what they expect from the government -- from income tax reforms ...

Taxpayers, including the middle class and corporate India, are looking for tax reforms, such as revised income tax slabs, lower GST rates, regulatory updates, and anticipation of various capex ...

From changes in tax slabs to simplifying GST processes - here’s a glimpse of what industries and taxpayers expect from her ahead of the upcoming Union Budget 2025. Union Finance Minister Nirmala ...

Tax season is now underway, with the IRS accepting returns for all taxpayers as of Jan. 27. That's prompting many people to turn to the "Where's my refund?" app from the tax agency to track when ...

Reports suggest that the government may raise the tax-free annual income limit to ₹10 lakh, offering relief to the salaried class and revitalising the economy. "The govt should lower the income ...

as CNC status has its limitations in these situations. If you're still unsure of whether the IRS hardship program makes sense, it may help to consult with a tax relief expert who can help evaluate ...

Avoid the stress of a long-drawn-out tax season by starting early: The IRS Free File tax software program is open as of January 10. Millions of taxpayers can now prepare and file their taxes ...

Chennai: Despite the Centre's move to increase tax exemption limit to Rs12 lakh annual income and making 30 per cent tax slab payable for those with Rs 24 lakh income, the personal income tax ...

This limit will be Rs 12.75 lakh for salaried taxpayers, due to a standard deduction of Rs 75,000. The jump in income tax exemption limit, under the new tax regime, from a salary of Rs 7 lakh per ...

Expectations from Budget 2025 were high and Finance Minister Nirmala Sitharaman did not disappoint taxpayers. “Slabs and rates are being changed across the board to benefit all tax-payers.

Finance Minister Nirmala Sitharaman announced an increase in the basic income tax exemption limit from Rs 3 lakh to Rs 4 lakh under the new tax regime. This change will reduce tax liabilities for ...