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 ...

Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has ...

Blue and red states are embracing a policy finalized during Trump's first term that encourages Obamacare sign-ups.

The government's draft income tax rules for 2026 appear to offer a small but meaningful lift to taxpayers who prefer the old tax regime. While the new regime has been in focus in recent years, these ...

The government has proposed a major change in the rules for claiming HRA (House Rent Allowance) under the new Income Tax Act, ...

Rep. Andy Barr (R-Ky.), who introduced the bill, said eliminating federal taxes on drill pay would reward Guard and Reserve members.

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

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

While the Income Tax Act 2025 replaces the existing six-decade-old Income Tax Act, 1961, taxpayers are unlikely to see any ...