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 ...

A salaried taxpayer purchased a 2 BHK flat in Delhi last year with the help of a home loan for which he is paying Rs 3.5 lakh as interest annually. While he is living in a rented house in Mumbai ...

The aggregate tax liability stands at Rs 1,75,000. Additionally, a 4% cess is applicable on this amount, which equals Rs 7,000. Consequently, the total tax payable amounts to Rs 1,82,000.Also Read | ...

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, ...

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 ...

From April 1, 2025, there is zero tax payable on the taxable income up to Rs 12 lakh. This will happen if an individual opts for the new tax regime for FY 2025-26. However, it may happen that your net ...

Kemberley Washington is a former staff writer at Forbes Advisor and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in ...