NEW DELHI: When capital gains from stocks or equity-oriented mutual funds are the sole income, the income tax calculation differs significantly. If this were the case in 2024-25, there is added ...

The income tax department has notified all seven ITR forms for the assessment year 2025-26, including changes in ITR-1 and ITR-4 for reporting capital gains. Taxpayers with LTCG up to Rs 1.25 lakh can ...

Your taxable income is the portion of your income subject to federal tax, and it’s important for several reasons. To start, your taxable income amount determines your tax bracket and marginal tax rate ...

ITR Filing 2025: With the Income Tax Department notifying all the ITR forms with several changes to accommodate several tax-related announcements, including those about capital gains reporting and ...

Though the benefit of indexation is abolished but it is still available for the limited purpose of computation of tax ...

Taxpayers will be liable to pay zero income tax from April 1, 2025, if their income is up to ₹12 lakh per annum. Tax is calculated based on a series of slabs which are detailed as follows (Pixabay) ...

Income tax department has notified all seven Income Tax Return (ITR) forms for the assessment year 2025-26. While ITR Forms 1 and 4, used by small and medium taxpayers, were notified on April 29, ...

Tax savings range from PKR 2,000 to PKR 16,888 per month, depending on income level. The revised 2026 income tax policy provides uniform relief to salaried taxpayers, reducing financial pressure in ...

2. Zero tax on income up to Rs 12 lakh - Rs 12.75 lakh for salaried individualsWith changes in the new income tax regime, individuals earning a taxable income up to Rs 12 lakh will now have to pay ...

The Income Tax Department has issued the ITR-3 form for the Assessment Year 2024-25. This form is for individuals and Hindu Undivided Families (HUFs) who have income from business or profession. Key ...

NVG is a closed-end municipal bond fund, leveraging credit and interest rate risk to maximize tax-free income for high-income investors. The fund is AMT-free and targets investors facing high federal ...