The article analyses whether lower tax rates under Section 115BAC outweigh the loss of deductions, examining legal validity and financial impact on middle-class ...
The Income Tax Department has released the Draft Income Tax Rules 2026, set to take effect in FY 2026-27. These rules amend ...
If you're earning $50,000 a year, where you live could mean the difference between paying less than $50 or about $4,000 in state income taxes annually. That's a lot more in your pocket - or your state ...
India, Feb. 13 -- Finance Minister Nirmala Sitharaman on Thursday said high personal income tax collection does not necessarily mean that the middle class is being suppressed or crushed in the country ...