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Economic Survey 2023-24: Where does India stand on the employment, and what's next?

While the agriculture sector has grown at about 4.18% at constant prices over the last 5 years, Ind…

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4 mins read

All you need to know about the new tax regime

The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …

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7 mins read

SIMPLY PUT: SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how

It's no secret that futures and options see extreme risks, with most traders losing money regularly…

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4 mins read

Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers

It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…

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7 mins read

My family bought a vacation home in Lake Tahoe for $113,000. A new tax could push us out.

My family's cabin in South Lake Tahoe changed our lives. A vacation homes tax to make living there …

Amanda Yen   


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4 mins read

GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout

The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…

PTI   


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Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits

Pandemic-era subsidies drove enrollment in Obamacare. Now, millions of Americans could see costs r…

John Towfighi   


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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…

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2 mins read

Opted for the new tax regime? Here are the allowances and deductions you can still avail

Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…

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3 mins read

New income tax slabs 2020, income up to ₹5 lakh exempt

New tax slabs have been proposed by the Direct Tax Code panel to boost consumption and investment. …

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2 mins read

A tax expert lists out three questions one should ask before option for new income tax slabs

India’s finance minister Nirmala Sitharaman announced a new alternative ‘tax regime’ that puts mo…

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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

Budget 2023-24: What the common man wants on the personal tax front

The government may increase the threshold limit for the highest tax rate from ₹10 lakh to ₹20 lakh,…

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3 mins read

It's pretty rare for Americans to claim negative income on their taxes like the Trumps did for 4 years between 2015 and 2020

Trump's tax return was one of just 5 million with adjusted gross income of under $1 in tax year 202…

Madison Hoff   


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4 mins read

How a Montana retiree will save on spiking home insurance and taxes by living in a type of housing that's illegal in many places

Sylvia, a 71-year-old retiree in Montana, is taking advantage of city and state laws encouraging th…

Eliza Relman   


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5 mins read

Checkout Income Tax slab post Budget 2020

The new tax slabs increase the minimum taxable lim…

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4 mins read

FM plays Santa: Zero tax on income upto ₹7 lakh under the new regime

Tax saved by individuals in higher income brackets will result in the amount getting channelised in…

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3 mins read

India's Prime Minister asked for budget 2020 suggestions — this is what some of the social media influencers had to say

The rising prices of onion and increasing income tab slab spread worries across the country. Wit…