American firms paid Russia $1.2bn in profit taxes in 2023, according to figures shared exclusively with Newsweek.

Most companies in Jersey pay no corporation ... Politicians unanimously agreed in October 2024 to align the island with a new global tax regime called Pillar Two. The decision means firms with ...

The income tax rules have changed in recent years. Due to this, not all salaried employees now have to submit investment and ...

For salaried taxpayers, standard deduction of 75,000 and NPS Deduction (Section 80CCD(2)) is allowed in New Tax Regime,” said CA Pratibha Goyal, partner, PD Gupta & Company, a Delhi-based CA firm.

In a note to the Finance Minister, the industry body highlighted that corporate tax rates have decreased over the years, ...

Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and ...

Under the new regulations, withholding tax is not applicable to payments to small companies with an annual ... with the old withholding tax regime was the failure to address emerging economic ...

Tax calculations: The Union Budget 2024 has introduced a new set of tax slabs for the new tax regime to provide more tax relief compared to the previous tax system. Individuals may wonder how to ...

Also Read: New vs Old Tax Regime: How is one taxed under the New ... that enjoy tax-exemption benefits under the income tax laws: Companies provide HRA to their employees to compensate for the ...

An exemption of ₹1.25 lakh for long-term capital gains (LTCG) under Section 112A is available in both the old and new tax ...

Budget 2024's revamped tax regime offers simplified slabs, higher deductions, and savings up to Rs 17,500 annually, enhancing flexibility and easing tax compliance for taxpayers.