A key highlight this Budget for middle-class and salaried taxpayers is the exemption of income tax for those earning up to Rs ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

The latest clarification classifies ULIPs as capital assets, with proceeds taxed under ‘capital gains’ instead of ‘income from other sources’ like earlier ...

By aligning tax policies, enhancing operational flexibility, and creating incentives for foreign investments, the bill ...

Anthony Albanese is set to make a small fortune in rental income this year as landlord of the two properties he now rents out ...

Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

Understand the updated tax rates for mutual fund investments under the Finance Bill 2025. Explore the tax implications for ...

Operating income was $6.2 million in the first quarter of fiscal 2025, compared to $9.7 million in the prior year period. This led to net earnings in Q1 ’25 of $5.1 million, compared to $7.3 million ...

A home seller may not owe any capital gains taxes on sale of a principal residence if the transaction qualifies for the ...

When it comes to donating stocks, the key to maximizing the tax advantages comes down to whether or not your investment is ...

Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will be subject to a long-term capital gains ...

Confused about your 1099-R and 1099? Learn the key differences between these tax forms and how they impact your taxes.