The current progressive personal income tax (PIT) list has seven brackets, with rates from 5 percent to 35 percent. Experts have suggested reducing it to five brackets, with the highest rate capped at ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

That April 15 tax deadline is coming fast. We’ve got a few tips on what's available for anyone filing an individual income ...

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

Learn more Tax season is officially here. And if saving money is your biggest priority this year, there are plenty of tax ...

The deadline to file your taxes is less than a month away, and if you’re doing them for the first time, you might be feeling ...

Ahmedabad: The income-tax department has sent messages to thousands of taxpayers who had claimed deductions for donations to ...

Whether you’re a retiree who has shifted to part-time consulting, a career-driven twenty-something who has started a new side ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

The amount you can deduct depends on whether the project impacts the entire home or just the office. Home office improvements, however, are not tax deductible as they are classified similarly to ...

Tax season is here, and while you're filling out your return for the Canadian Revenue Agency (CRA), keep in mind that medical expenses may be deductible.

With tax season here, understanding whether to itemize deductions or take the standard deduction can help you maximize ...