A government agency that undertakes the direct collection of tax in India is the Income Tax Department. All operations of the department are handled by the Central Board for Direct Taxes (CBDT).

7% of Income tax where total income is more than ₹1 crore 12% of Income tax where total income is more than ₹10 crores ...

New Jersey’s sales tax is currently set at 6.625%. There are no exemptions for seniors or retirees. Use tax is due on the ...

Personal income tax rates vary widely across the globe, reflecting each country's approach to funding public services and addressing economic needs. In some nations, individuals face particularly ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

Many want to be rich, but few are willing to follow what will make you rich. Building and maintaining wealth requires a clear ...

Income Tax: Accurate disclosure of foreign assets and income in ITR is essential to avoid penalties. Revised returns can be filed by December ...

Charles Rotblut leads a class in AAII's new Essential Investing Video Course. Go to the AAII Learning Center for more ...

Double taxation refers to income tax being paid twice on the same source of income. This can occur when income is taxed at both the corporate and personal level, as in the case of stock dividends.

Hello, baby boomers and seniors! As you step into retirement, one of the most crucial things you need is a solid budget. But ...

We’ve had a good bit of coverage of the special session on tax reform that ended on Friday, and I wanted to let folks digest ...

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