The accounting rules that you follow when reporting financial results are often different from the rules you follow when preparing income taxes for your business. As a result, the amount of tax ...

For instance, in the EU — which includes 22 member states in the report — the average income tax rates for these three income levels were 12.1%, 17.2%, and 23.1%, respectively.

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

BENGALURU: Bengaluru Rural Lokayukta police detained commercial tax inspector Nijanandamurthy MR when he was allegedly accepting Rs 20 lakh as bribe from a private person near a hotel in ...

ITR Filing: To make payment of tax hassle-free, the Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal. According to the tax department, this will ...

Whether you’re a digital nomad or someone who’s worked outside your home state for just one day, you might be aware that states can tax income that out-of-state workers earn within their borders. A ...

On February 1, 2025, in her 74-minute Union Budget speech, Finance Minister Nirmala Sitharaman said there will be no tax on income up to ₹12,00,000 per annum, under the New Tax Regime (NTR).

Effective April 1, 2025, new income tax regulations have been introduced following the enactment of the Finance Act 2025. One of the significant changes is the increased income limit for ...

The accused officials include two Income Tax Inspectors and three Senior Tax Assistants, who were allegedly involved in misusing sensitive tax data to extort money from assesses. According to the ...

On Thursday, March 27, Mississippi Republican Gov. Tate Reeves signed House Bill 1, an income tax elimination bill that will increase the rate of income tax elimination. The process could take ...

Mississippi Governor Tate Reeves signed the "Build Up Mississippi Act" into law, marking the largest tax cut in state history. The bill includes a phased elimination of the state income tax ...

Monday, March 31, is a national holiday on account of Eid, but for those who have to correct errors/omissions in the Income Tax Return filed for Assessment Year 2022-23 (Fiscal Year 2021-22), it ...