Staring assessment year 2026-27, you might feel that filing of income tax return (ITR) has become slightly easier. With the new Income-tax Act, 2025 set to come into force from April 1, 2026, the ...

For federal income tax purposes, your marital status is determined under state law as of the last day of the calendar year. That matters when choosing your filing status. Your filing status is one of ...

The basic exemption limit was raised to Rs 4 lakh, and a Rs 75,000 standard deduction applies for salaried individuals, potentially pushing the zero-tax income limit to Rs 12.75 lakh. Following the ...

When it comes to their federal income tax returns, tens of millions of US households pay for tax preparation and filing. Yet many might qualify to do so for free through IRS-approved programs. So why ...