The Latest Breaking News from Income Tax

By 2027–28, the number of people paying income tax at 40% or above will reach 7.8 million, according to a new Institute for Fiscal Studies report.

The Prime Minister's spokesman said it was not up to Work and Pensions Secretary Mel Stride to dictate tax policy after he claimed getting people back into work will boost the economy enough to reduce income tax by 2p

The Indian Revenue Service (IRS) Association has condemned the killing of an income tax officer by a mob in violence-hit Manipur. The IRS officer’s death followed that of Chonkholen Haokip, a CRPF constable of the force’s elite CoBRA unit who was on leave.

The full New State Pension is worth £10,600 over the 2023/24 financial year.

The government is not collecting enough money, and you are paying too much, says the former Treasury boss.

G Square Realtors Pvt. Ltd. has denied reports of the seizure of ₹3.50 crore during income tax searches conducted at its offices recently

Brazilian President Luiz Inacio Lula da Silva pledged on Sunday to introduce a new policy of real increases in the minimum wage and announced plans to raise the income tax exemption for lower-income earners.

Tax evasion of more than Rs 500 crore has been detected by the officials of the Income Tax Department in the raids going on for three days on the Gallantt Group involved in real estate and steel business in several states of the country. It is estimated that this figure…

Before environment lawyer-activist Ritwick Dutta was booked by the CBI, an income tax department report had last year accused him of opposing overseas projects led by Indian entities, including the Adani Group. It had also accused him of using foreign money to partner with domestic NGOs, including an RSS affiliate.