A basic understanding of income tax slabs and how they change with every Union Budget can help you plan your finances better.

The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption ...

Senior citizens, defined as those over 60, can enjoy a basic exemption limit of Rs 3 lakh under the Income-Tax Act, 1961, ...

Her husband Mark is a basic-rate taxpayer and owns the remaining 70pc of the property. The rental income from the property is ...

After giving your prospective tax preparer as much information as possible about your returns, ask them how they’re paid and ...

and tax writer. IRS Form 941, also known as the Employer's Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security, and Medicare taxes ...

With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs ...

The earlier you can start contributing, the better the chance you have of building a £1m pot. If starting in your twenties, ...

If you do and you wash and repair it yourself, then you can claim a tax rebate, it’s the P80 form on gov.uk you do not need to pay anyone to do this for you. “You get £60 a year allowance so if you’re ...

Making small but significant changes during your working life can make all the difference when it comes to retirement time ...

depends on your Income Tax band. If you're in the Basic tax rate band, your Personal Savings Allowance is £1,000. Article continues below For those in the Higher rate band, the allowance is £500 ...