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

The rate on a 30-year fixed refinance slipped today. The average rate for refinancing a 30-year fixed mortgage is currently 7.34%, according to Curinos. For refinancing a 15-year mortgage, the average ...

The income tax rules specify certain conditions for claiming HRA, especially when also availing of home loan interest benefits. Taxpayers should carefully evaluate whether they meet these ...

And one of the chief ways these goals are achieved is by forcing people to put away a percentage of their income ... date for CPF contributions being the last day of each month. Don’t be late, or ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

Her work goes beyond tax articles. She has been instrumental in tax product reviews and online tax calculators to ... taxed differently from income like wages, interest, rents, or royalties ...

which is determined by on the income tax band you’ve chosen. This is how the calculator works out how much tax you’ll pay, and your total savings interest return after tax. If it looks like ...

What are the CPF interest rates in 2025? While it may feel frustrating to have a larger portion of your income allocated to CPF ... Do not worry, it is not as daunting as it sounds. To calculate your ...

When tax time rolls around, figuring out which types of income you need to report to Uncle Sam can be confusing. Adjusted gross income, taxable income, investment income, interest income — all ...

Story continues below this ad Enter Gross Salary (New Tax Slabs): Enter your salary without deducting exemptions such as HRA, LTA, professional tax, etc. Provide Additional Income Details: Enter ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax ... the income statement. To calculate accrued interest ...

Student loan interest may be tax-deductible, but the amount eligible for deduction is based on modified adjusted gross income. Before you take out student loans to pay for the costs of higher ...