Income tax expense is a critical component of a company’s financial statements, reflecting the taxes a business owes based on its taxable income for a specific period. It represents the total amount ...

New Income Tax Regime, Income Tax Calculator: The Income Tax department has released a "tax calculator" to assist taxpayers in calculating the tax and determine which tax regime they are comfortable ...

If you own a property and earn rental income from it, it is essential to include that income and pay taxes on it when filing your Income Tax Return (ITR). Failure to do so can have consequences, ...

In a big relief for the middle class, finance minister Nirmala Sitharaman on Wednesday announced five income tax measures in the last full budget of the government before the 2024 Lok Sabha elections.

To estimate your tax liability for FY 2025-26, you can use Financial Express’s online income tax calculator. How to Calculate Tax for FY 2025-26: In her eighth budget presentation under the BJP-led ...

If you made a profit through intraday trading, your income is classified as business income rather than a capital gain; earnings are added to your net income and taxed at the slab rate. The deadline ...

The deadline to file an Income Tax Return (ITR) for income earned in the fiscal year 2022-23 is July 31. Taxpayers, particularly traders and stock market participants, should calculate tax liabilities ...