Taxpayers who have opted to remain in the Old Tax Regime have consistently complained in every budget session that the most ...

As Union Budget 2026 draws closer, expectations are mounting among salaried and middle-class taxpayers for meaningful changes ...

With Budget 2026 approaching, salaried taxpayers face a dilemma between the old tax regime's deductions and the new regime's ...

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Budget 2026 wishlist focuses on higher standard deduction, health insurance tax relief under Section 80D, rationalisation of income tax slabs and higher LTCG exemption as JM Financial outlines key ...

Key Expectations at a Glance<br /><br />Income Tax & Middle-Class Relief<br />After last year’s major overhaul, experts expect incremental tweaks rather than sweeping changes. Key hopes include ...

Higher LTCG exemption, ₹1 lakh standard deduction, slab rationalisation, 80D inclusion under new tax regime and housing affordability are the major expectations in Union Budget 2026.

Budget 2026 wishlist focuses on higher standard deduction, health insurance tax relief under Section 80D, rationalisation of ...

The latest income tax slabs specify the tax rates applicable to different income levels for individuals in India. They also determine the income threshold up to which no tax is payable, the rates ...

In the previous Union Budget, the Section 87A rebate was reworked to directly benefit low- and middle-income earners, ...

Currently, enough deductions are not available under the new tax regime, and thus taxpayers prefer the old tax regime.