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Taxable income: What it is and how to calculate it

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.
Tax Guru

Additions Restricted Due to Partial Reconciliation and Netting of Income

The Tribunal held that only unreconciled Form 26AS entries could be taxed while verified reimbursements deserved relief. It also ruled that godown rent already netted in business income could not be ...

Net Income After Taxes (NIAT): Guide to Definition, Calculation & Examples

Learn what Net Income After Taxes (NIAT) means, how it's calculated, and see examples to understand this key financial metric ...

Best Payroll Software for Small Business (2026): QuickBooks Payroll Rated Top Choice by Expert Consumers

Expert Consumers, an independent consumer product review platform, has named QuickBooks Payroll as the top payroll software for small businesses in 2026. The recognition comes as small business owners ...
Tobacco Control

Reducing the exceptional affordability of hand-rolling tobacco using tax escalators: a health and economic impact modelling study for England

Background Hand-rolling tobacco (HRT) remains more affordable than factory-made (FM) cigarettes in the UK, which could ...
Mint

Income Tax Refund Status LIVE Updates: How much time will it take for the refunds to get issued?

Income Tax Refund Status LIVE Updates: The income tax department has been sending several taxpayers bulk emails and SMSes over the past few days, saying that they have put on hold some taxpayers' I-T ...
Mint

Got income tax alert for filing revised ITR before 31 December? Step-by-step process explained

Income Tax Refund Update: The last date to file income tax return is 31 December, which is just seven days later. Meanwhile, the income tax department has been sending bulk SMS and emails to some ...
NDTV

Got ITR Mismatch Message From Income Tax Department? Here's What It Means

Many taxpayers claimed to have received a message from the Income Tax Department about a mismatch in ITR, and if you are one of those, don't panic. This is a common issue that can be resolved by ...
Seattle Times

Ferguson backs WA income tax on millionaires

Gov. Bob Ferguson has thrown his support behind an income tax on millionaires, backing what would be a seismic shift in Washington’s tax code. At a budget news conference Tuesday, Ferguson endorsed a ...
NDTV

Income Tax Officers To Access Your Bank, Social Media Accounts? A Fact Check

The Income Tax Act 2025 limits digital access to search and survey operations only Honest taxpayers are not affected by digital data access under the new law Income Tax Department cannot access ...
The Spokesman-Review

Ferguson expresses support for income tax on millionaires in Washington

OLYMPIA – Gov. Bob Ferguson said Tuesday he supports a state income tax on those who make more than $1 million a year. The proposal, he said, would be tied to reducing sales taxes on baby and hygiene ...
moneycontrol.com

Income Tax Notices: Employees nudged to declare their foreign assets

Several multinational corporations (MNCs) operating in India are actively encouraging their employees to declare any undisclosed foreign assets or income. This urgency stems from direct communications ...