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

Advance tax means paying your income tax in instalments during the financial year, instead of paying the entire amount while ...

Scores of people with enormous wealth are paying relatively little, if anything, in taxes. Billionaires — and those with ...

The Karnataka High Court held that non-submission of LUT/Bond prior to export is a curable procedural lapse. Refund claims cannot be rejected solely on that ground and must be ...

The new regime remains the default — if you don't actively pick the old one while filing, you automatically fall under the new system.

Filing taxes for the first time? A tax expert explains four common rookie mistakes and how to avoid costly errors when ...

The Income-tax Act, 1961 will be replaced by the Income-tax Act, 2025 (ITA 2025) on April 1st, 2026. The following are some of the significant changes that will take effect on April 1, 2026: ...

A big, shiny number landed in the headlines last year and millions of older Americans took notice. A new $6,000 senior bonus deduction, created under the July 2025 tax package often referred to as the ...