I am a resident individual with a total income of Rs 15 lakh for FY26, comprising: Rs 12 lakh from rent and interest income (taxable at normal slab rates), and Rs 3 lakh from long-term capital gains ...

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

Your tax ratio – also called a tax rate – determines the amount of personal income tax you pay each year. Information you give your employer determines how much comes out each pay period. Information ...

The tax-free income limit in the revised new tax regime tax slab is Rs 12,75,000, but what if you earn Rs 12,89,000 in FY 25-26? In Budget 2025, Finance Minister Nirmala Sitharaman revised income tax ...

Income Tax: Only two months are remaining before the deadline to file income tax return (ITR) for FY 2024-25 expires on September 15, 2025. Last week, the income tax department released excel ...