Married couples or those in a civil partnership can boost their tax-free income by £252 annually, and also they can backdate ...

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

Taxpayers opting for the concessional tax regime with an income of Rs. 12 lakhs will get a benefit of Rs. 80,000 in tax, ...

The Personal Tax Allowance is £12,570, but it can be increased to £14,064 if you are able to claim the Married Tax Allowance ...

The ‘raise the income tax personal allowance from £12570 to £20000’ petition has been posted on the petitions-parliament ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

Couples who are married or in a civil partnership can increase their tax-free take-home pay by £252 in any given financial ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

High-income earners, retirees and the wealthy have the most to gain from no state income tax, local experts said. Low and middle class people feel more of the burden from sales and property taxes and ...

With no tax for income under ₹12 lakh, you have a higher incentive to opt for the new tax regime. This means your incentive to invest in tax saving instruments is lower than it ever was. Should you, ...

Bipartisan committees in the Virginia House and Senate proposed ditching the governor’s plan to eliminate taxes on tips and ...

In Budget 2024, FM Sitharaman increased the standard deduction for those who opted for the new tax regime to Rs 75,000 ...