Mumbai: As tax filing season for FY 2024-25 begins, salaried employees must deal with various documents and deadlines. But ...

Oman will impose five per cent income tax on people whose annual income exceeds 42,000 Omani riyals (approximately Dh400,000) from 2028. Under the Personal Income Tax Law issued by Royal Decree No ...

Tax in 2026: PKR 12,848,850 annually Monthly saving: PKR 16,888 Across-the-board relief: Tax savings range from PKR 2,000 to PKR 16,888 per month, depending on income level.

Extended deadline In an important relief for taxpayers and tax professionals, the last date to file income tax returns for AY 2025–26 has been extended from July 31 to September 15, 2025.

U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face a net loss of income under his massive tax and spending bill in ...

On the other hand, say your company calculates its income tax expense at $10,000, but its actual tax bill is $12,000. Your company reports the expense of $10,000 and denotes $12,000 as tax payable.

The IRS said the adjustments aim to prevent “bracket creep,” where taxpayers move into higher tax brackets due to inflation rather than real increases in income. Despite these changes, other ...

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns (ITRs) for the financial year 2024-25 to September 15 from the earlier deadline of July 31, 2025 ...

OKLAHOMA CITY — A bill to cut income taxes paid by Oklahomans has been passed and sent to Gov. Kevin Stitt for his signature. House Bill 2764, which earlier had passed through the House on a 74 ...

How many times can you switch tax regime while filing ITR? According to details outlined on the Income Tax Department website, an individual with non-business income can switch between the old tax ...

With the Income Tax Department's e-filing portal, the process has become simpler than ever. Keep your PAN, Aadhaar, bank statements, Form 16, and investment proofs ready to avoid last-minute hassle.

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 ...