Public Broadcasting Service (PBS)

IRS issues guidance on tax on tips and overtime income for 2025

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...
Nasdaq

Income Tax Department releases five ITR forms for taxpayers

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

Taxing inheritances under the income tax is a great idea — here’s how it could work

The wealthy often avoid earned income, which means they escape payroll taxes entirely and ordinary income rates under the ...

New Income Tax Act, 2025 to come into effect from April 1; Major changes and new provisions explained

The new Income Tax Bill, 2025, will come into effect from April 1, 2026. It aims to simplify tax compliance and make it more ...

Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief

New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, ...

States That Won't Tax Your Social Security, 401(k), IRA, or Pension Income

When you live in America, one thing you've likely come to accept is the tax system. There are taxes on your income, products ...
The Financial Express

New Income Tax Act: Simplified ITR forms and rules effective from April 1, says CBDT chief

The Income Tax department will implement simplified ITR forms and rules under the new Income Tax Act, 2025, effective April 1 ...

ITR forms, rules under new Income Tax Act to be notified by January: CBDT chief

CBDT chief announces simplified ITR forms and rules under the new Income Tax Act to be notified by January 2026.