Each year, employees receive a Form W-2 that provides details of the prior year’s earnings, taxes withheld, and other miscellaneous data (such as the taxable cost of group term life insurance, the ...

Filing taxes may appear overwhelming due to the various slabs, exemptions and the different Income Tax Return (ITR) forms issued by the IT department. This confusion is especially prevalent among ...

Year-round tax planning can help prevent tax autopsies and save taxpayers a significant amount of their hard-earned money!

Chennai ruled in favor of the assessee, Chola Business Services, regarding the concessional tax rate under Section 115BAA of the Income-tax Act, 1961, for the Assessment Year (AY) 2021-22. The company ...

The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.

Around 48 million people are beneficiaries of the Child Tax Credit to help with the support of their children, as they are ...