The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

President Donald Trump met with Republican lawmakers to discuss budget priorities, proposing to end carried interest. On the ...

Only Indian residents can open a PPF account. It has a minimum tenure of 15 years. The principal amount invested and the ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Tax season has officially begun, as the IRS is now accepting 2024 federal tax returns as of today, Monday, Jan. 27, 2025. Today also marks the first day taxpayers can use Direct File to submit ...

The reason? An increasing focus on interest income, or carry in industry parlance. Strong inflows into credit funds have compressed spreads—the premium for buying corporate debt rather than ...

and interest income is also ordinary income taxed at marginal (ordinary) tax rates. Ordinary income comes in two forms: personal income and business income. Personal ordinary income can be defined ...

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HDFC Bank on Wednesday (January 22, 2025) reported third-quarter profit largely in-line with analysts’ estimates, helped by an increase in net interest income (NII). The country’s biggest ...

Net interest income (NII) — the difference between interest earned and paid — rose 7.68 per cent to ₹76,006.88 crore compared to ₹70,582.61 crore in the same quarter of the previous ...