The so-called "millionaires tax" was approved by Washington's Senate, advancing a measure that would create a 9.9% tax on ...

New deductions and rule changes could mean a larger refund for millions of taxpayers this year. Tax filing season is in full ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

The draft Income-tax Rules, 2026 clarify that Leave Travel Concession (LTC) exemption will continue largely unchanged under ...

Draft Income Tax Rules 2026 propose higher HRA limits, bigger exemptions on gifts, education, hostel and meals, along with ...

Salaried employees face increased income tax under draft Income Tax Rules, 2026, due to changes in company car perk valuation. Those using company cars partly for personal use will see higher taxable ...

Draft Income Tax Rules 2026 propose higher HRA, education, hostel and meal exemptions, potentially narrowing the gap between ...

The Draft Income-Tax Rules, 2026 propose expanded exemptions for salary allowances, broader urban HRA benefits and higher tax ...

Ramp reports that employee reimbursements are non-taxable under accountable plans but taxable under non-accountable plans due ...

On paper, the reform appears tidy. The number of rules falls from 511 to 333 and forms from 399 to 190, reinforcing the narrative of simplification. Yet beneath that numerical compression lie changes ...

Under the draft new law, statutory forms such as Form 26AS, Form 16 and Form 13 will be issued with new numbers.

Finder.com reports on tax strategies used by the wealthy, including incorporation, leveraging loans, and tax-loss harvesting to reduce their tax bills.