The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

But did you know that for salaried individuals, the tax-free annual income can reach Rs 13.7 lakh, compared to Rs 12 lakh for others! “I am now happy to announce that there will be no income tax ...

But this doesn't mean that income up to Rs 12 lakh has been tax-exempted. Some people are confused between the terms tax-free and tax-exemption. While tax-free income means that deductions and ...

The Finance Minister announcing Rs 12 lakh as tax-free income got the attention of most taxpayers in the Union Budget 2025 presentation on February 1. However, there were several other key tax ...

Income Tax Bill News LIVE: The Union Cabinet is expected to approve the new Income Tax Bill on Friday, February 7, potentially leading to its introduction in the Lok Sabha early next week.

Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the middle class in the Union Budget 2025, eliminating ...

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

Shriram Life Insurance managing director and CEO Casparus JH Kromhout. The Budget proposal to increase in the tax-free income limit to ₹12 lakh will raise the disposable income of middle- and ...

Married couples or those in a civil partnership can boost their tax-free income by £252 annually, and also they can backdate their claim for the past four years to potentially receive a tax ...

You can only file your current year tax return using IRS Free File; you cannot process a prior year return using the system. Go to IRS.gov/freefile for more details. Taxpayers at any income level ...

Conveyance: Any allowance granted for meeting the expenditure incurred on conveyance in the performance of duties of an office or employment of profit if the free conveyance is not provided by the ...

The average American who hires a tax preparer to file even ... To qualify for Free File, you must have an adjusted gross income of $84,000 or less. That means 70% of taxpayers are eligible ...