Kentucky Gov. Andy Beshear signed a bill into law which will reduce the personal income tax for millions of Kentuckians.

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

The Beatles struck a chord in more ways than one with their 1966 song "Taxman." Its lyrics included the lines: Let me tell ...

During the campaign, President Donald Trump floated an “all tariff policy” to replace the federal income tax. Here’s what ...

The revised tax system is set to be implemented starting from the fiscal year 2025-26, affecting taxpayers in the assessment year 2026-27.

Trump once again hinted at the idea of eliminating the federal income tax and making up for lost revenues with tariffs.

Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.

The current Income Tax Act was enforced in the country in 1961 and now, the new Income Tax Act is being made according to the ...

As part of his economic agenda, President Donald Trump has proposed eliminating federal income taxes as a way to make the ...

Nine of these states cut their individual income tax rates for 2025. The most significant change is in Iowa, which had an individual income tax rate of 5.70% in 2024 and now has a rate of 3.80% for ...

High-income households and profitable corporations would grow even wealthier under Republican proposals for trillions of ...

The Supreme Court on January 7 set aside the Gujarat High Court's judgment dated March 21, 2017, through which the rejection to the compounding application of the Appellant for the assessment ...