Income tax is a direct tax levied on the income of individuals or entities. The Income Tax Department calculates income tax based on pre-determined income slabs applied to net taxable income. Income ...

Tax season is officially underway, as the Internal Revenue Service started processing returns Monday. The agency expects more than 140 million individual tax returns for tax year 2024 to be filed ...

Income-tax returns: While the e-filing process has become quicker and easier over the years, the process can be daunting for for first-time filers. Here is a step-wise guide on how to file your ITR, ...