New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check
The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections ...
Tax Guru6d
Hypothetical Income Not Taxable Under Mercantile System: ITAT Chennai
ITAT Chennai held that although the assessee company was following the mercantile system of accounting, only real income could be brought to tax. Hypothetical income cannot be taxed. Hence, appeal of ...
CNET14d
There Are 22 Types of 1099 Tax Forms. Here's How to Know Which Ones You'll Get
Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season ... An increasing number of people rely on side hustles and additional streams of income to make ends meet: 4 in 10 Americans ...
CNET14d
You Could Owe Taxes This Year if You're Paid Through Venmo, PayPal or Cash App. Here's Why
This reporting change will give the IRS a clearer picture of how much you earned in untaxed income this year to help ensure you pay your taxes properly. For the 2025 tax year, the threshold will ...
The Indian Express16d
With zero tax upto Rs 12 lakh, you will take home the same as someone with income of Rs 12.71 lakh. Here’s why
The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...
DesiDime.com18d
Income tax Calculation for reference
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your ...
Business Today18d
Income Tax Calculator FY 2025-26
BT brings to you an easy-to-use tool that helps in calculating the tax payable on your income for FY 2025-26. It also lets you compare your tax liability under new tax regime and old tax regime.
Indiatimes18d
Budget 2025 income tax: Raise 30% income tax slab; provide flat 30% deductions on gross income - here’s why
Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...
Daily Express19d
HMRC warns people could be hit with £100 fines after tonight
To arrange this, you'll need the relevant reference number for the tax you can't pay ... HMRC will inquire about your income and expenditures. Each installment amount considers the remaining ...
The Independent19d
What you need to file a self assessment tax return as HMRC deadline fast approaches
Those who have registered for a self assessment tax return are sent a unique tax reference ... Insurance number, you of course need your own financial statements, details of income and expenditure ...
Investopedia19d
What Is the Tax Cuts and Jobs Act (TCJA)?
Many of the tax reform benefits for individuals expire in 2025. TCJA impacted individuals based on their income level ... We also reference original research from other reputable publishers ...