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6 mins read

Are you moonlighting? Here is what to know when filing your taxes

Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…

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5 mins read

Presumptive taxation: The scheme that eases burden on small businesses

Running a small business or a professional service can often involve a single person or a few peopl…

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1 min read

Central Board of Direct Taxes notifies cost inflation index for 2023-24

The cost inflation index (CII) for 2023-24 relevant to assessment year 2024-25 stood at 348, accord…

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2 mins read

How much Bill Gates pays in property taxes on his pricey real estate portfolio

Bill Gates' many houses come with a multi-million dollar tax bill each year. Here's how much he pay…

Madeline Berg   


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4 mins read

Tax saving countdown – With 2 months to go, options to consider under 80C

Now that we have stepped into the new year, there are just three months left before the current fin…

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5 mins read

How to file income tax return online for salaried employees 2022-2023

If you are new to filing income tax returns online, you must know that it is a very easy process. V…

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5 mins read

Jacob Zinkula   


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3 mins read

The 10 big US cities with the worst 'singles tax' on renters living alone

Single New Yorkers are paying over $20,000 more a year to live alone.

Juliana Kaplan,Madison Hoff   


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7 mins read

Interest income from your investments is taxable - here's how to calculate what you owe and ways to lower it

Most interest income is taxable on both federal and state levels, and you pay taxes on interest inc…

Janet Berry-Johnson   


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3 mins read

26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes

A new analysis finds that Elon Musk had an average tax rate of just 2.1% on his wealth growth from …

Juliana Kaplan,Madison Hoff   


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3 mins read

How to calculate taxable Income in 2019-20 in old tax regime

Know the current income tax slabs for different salary ranges: …

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9 mins read

What is a bond? How to earn a steady stream of income by loaning money to a business or government

Bonds represent the ownership of debt and allow individuals to diversify their portfolios while mit…

Amena Saad   


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2 mins read

How to calculate house rent allowance while computing income tax

House Rent Allowance (HRA) is provided to an employee to cut down the income tax liability. Th…

Juliana Kaplan,Joseph Zeballo…   


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3 mins read

Biden wants to make sure billionaires pay at least a 20% income tax including on their massive pandemic-era stock gains

Billionaires added $1.7 trillion to their cumulative wealth during the pandemic. President Biden's …

Juliana Kaplan,Joseph Zeballo…   


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3 mins read

You'll save ₹78,000 more under new income tax slabs if you earn less than ₹15 lakh

A person whose income is ₹15 lakh earlier had to pay ₹2,73,000 in tax. After the revised rates, he …

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4 mins read

How Income Tax Is Calculated

To know how income tax is calculated in India, you must first know about the income tax slabs. I…

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7 mins read

If you earn ₹15 lakh, you save ₹15,600 with the new tax regime but you can’t claim tax benefits worth ₹73,000

The government’s new tax regime isn’t for everyone. If you earn less than ₹13 lakh per annum, it mi…

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4 mins read

Jacob Zinkula   


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3 mins read

Biden's plan to tax billionaires relies on one simple fact: Average Americans pay more of their income in taxes than the wealthy

A famous report from two Berkeley economists shows how the wealthiest Americans pay a lower effecti…

Ben Winck,Madison Hoff