New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may find the old regime more beneficial if they can utilise exemptions like ...

Overview of new tax regime provisions under Section 202 of the Income-tax Act 2025, including tax rates, deductions allowed or disallowed, and option ...

The government has proposed a major change in the rules for claiming HRA (House Rent Allowance) under the new Income Tax Act, 2025. According to the draft rules, from April 1, 2026, when claiming HRA, ...

India’s Income Tax framework has existed since 1961, but the economy, compensation structures and cost of living have changed dramatically. From April 1, 2026, the new Income-tax Act, 2025, along with ...

Under Section 194IB of the Income Tax Act, 196, individuals and HUFs must deduct 2 percent TDS on rent if the monthly amount ...

RICHMOND, Va.—The Virginia House of Delegates on Tuesday passed legislation continuing billions of dollars in state tax exemptions for all qualifying new and existing data centers as long as they take ...

While the Income Tax Act 2025 replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are unlikely to see any immediate changes in tax slabs or rates.

Breaking news headlines, stories and live updates on current affairs from across the globe. Complete coverage on the latest top stories, business, sports, entertainment, and world politics news ...

New vs old tax regime FY 2026-27 — real tax calculations, break-even table, 5 case studies, and a clear verdict for every income level after Budget 2026.

Current law requires Guardsmen and Reservists to pay federal income taxes on compensation for drills as well as additional ...