To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.

During the campaign, President Donald Trump floated an “all tariff policy” he said would replace federal income tax. Here’s ...

The new Income Tax bill will replace the existing Income Tax Act, 1961. The new bill is being brought to consolidate and ...

on Friday expressed strong support for the newly introduced Income Tax Bill, 2025, highlighting its potential to simplify India’s tax framework and stimulate economic growth. Newly elected ...

Women are already dealing with the 20 percent cost of inflation after four years of Bidenomics; we don’t need new economic ...

However, some economic policy experts say there isn't a big enough tax base from imported goods to replace revenue from individual income taxes. "It's just not a realistic proposal," said Alex ...

Especially if they come with reductions to Medicaid, food stamps and other safety net programs, the policy will make the rich ...

Sri Lanka yesterday introduced a national budget aimed at balancing fiscal discipline with economic revival, while addressing ...

Indiana’s tax rates are already among the lowest in the country. The state income tax is a mere 3.05%, with plans to drop to ...

It will not change the existing tax slabs or review the tax rebates ... According to Dipesh Jain, partner, Economic Laws Practice, income from salary is quite clear in the existing Income Tax ...

Economic Principles and Analysis Supply-Side Effects (Still Strong):The elimination of individual income taxes remains the primary supply-side ... However, the $340 billion reduction in interest ...

A tax base is the total value of all of the assets, income, and economic activity that can be taxed by a taxing authority, usually a government. It is used to calculate tax liabilities.