Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed view of earnings, taxes, and investments, allowing taxpayers to ...

Experts confirm that taxpayers will not be charged penal interest for self-assessment tax, provided both the ITR is filed and ...

Interest income from Indian bank accounts is not necessarily tax-free for foreign resident children. Here's how it is taxed and what parents need to know.

The president and Harvard University's standoff continues as Trump and HHS accuse the Ivy of civil rights violation, putting ...

It’s the end of the financial year on Monday, so it’s now-or-never if you want to boost this year’s tax refund.

Yes, it’s entirely possible to make more than $100,000 and pay no federal income tax on it. This little trick is completely legal and — incredibly! — the tax code almost seems to encourage you to use ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

CBDT has yet not released online utility for ITR-2 and ITR-3 whereas the same for ITR-1 and ITR-4 has been enabled ...

What should property sellers do to reduce their LTCG tax as cost inflation index (CII) for FY 2025-26 is not yet notified?

Details of the TDS that is collected and deposited every quart, as well as the employer's PAN and TAN, are provided in Part A ...

Other deductions−$0 Taxable income$85,000 Estimated federal taxes Taxes before adjustments$13,613.88 Federal taxes withheld−$0 Tax credits−$0 Taxes owed$13,613.88 ...