The Latest Breaking News from Income Tax

During Finance Minister Nirmala Sitharaman Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class. Read further on Dynamite News:

Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing

With Indian tax authorities revoking the non-profit status of investigative news outlet The Reporters’ Collective, press outfits and experts on tax disputes have expressed concerns about the financial sustainability of news outlets that could face similar action. 

The likelihood of Trump eliminating income tax and the IRS remains low, but the ongoing debate highlights the need for tax reform.

Kejriwal claimed that if the loan waivers of the billionaires are "stopped", then the income tax and GST rates on several items can be halved. Read further on Dynamite News:

Savvy retirees tap retirement accounts with a tax plan. Each type of account may have different tax rules and rates, so know before withdrawing funds.

Tax deductions, tax credit amounts, and some tax laws have changed since you filed your last federal income tax return.

The term meme was coined by the British evolutionary biologist Richard Dawkins in his 1976 book The Selfish Gene. In this book Dawkins defined a meme as: “A noun that conveys the idea of a unit of cultural transmission… Examples of memes are tunes, ideas, catch-phrases, clothes fashions, ways of…

Increasing mobility and remote work make taxes an important consideration in where to live.