Self-assessors could be fined for miscalculations made by the Government’s own tax calculator, The Telegraph understands.

For income not subject to TDS such as capital gains from shares or mutual funds taxpayers are required pay advance tax in ...

Here's what to know about income tax ahead of tax season, including what it is, how it works, how to calculate it and which ...

Those filling out self-assessments could be fined after miscalculations made by the Labour Party government’s own tax ...

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

Learn what basis value is, how to calculate it, and see examples to understand its role in reducing tax burdens on fixed ...

There is debate about whether the legislation creates a “tax on tax” by including franking credits in a member’s earnings ...

FIFO indicates first in first out which means the mutual fund units bought first are sold first. Based on this phenomenon, ...

The government has managed to diversify its revenue sources, which will insulate it against massive tax shortfalls in FY26.

More than 1.3million received them in 2023/24, and the number will have risen since then and could soon pass 2million, ...

The Alternative Minimum Tax (AMT) phaseout threshold is lowering in 2026. Find out if you're at risk of paying this complex ...

There is a difference between a team's salary for payroll tax calculations and a team's actual payroll expenses. The former ...