India’s latest budget introduces one of the most significant tax cuts in decades, boosting disposable income & supporting ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill on Friday (7 February), setting ...

High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...

Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various ...

President Trump laid down a demand Friday for a “balanced budget” while a nonpartisan budget group estimated his tax priorities will cost at least $5 trillion over 10 years and perhaps double that.

Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...

Summary: Effective from September 1, 2024, the Budget 2025 amendments introduce block assessment procedures for search cases under Sections 158B to 158BI of the Act. A block period now includes six ...

Budget 2025 income tax expectations: Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years. However, they are divided on how soon.

Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic ...

Republican Gov. Kevin Stitt's budget would cut millions from many state agencies and spend close to $250 million for new tax cuts.

India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...