The Income-tax Act's section 10(4E) previously limited exemptions on income from derivative transactions to non-residents ...

Section 80C of the Income Tax Act provides tax benefit for equity-linked savings schemes. As the returns under the investment ...

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

If your annual taxable income is ₹10 lakh and you claim the full ₹1.5 lakh deduction, your taxable income reduces to ₹8.5 ...

In India, only 6% of the population files income tax returns, with less than 3% actually paying income tax. The salaried class bears a disproportionate share of the tax burden, contributing around ...