Australia government unveils income tax cuts for 2026-27
The Australian government announced two additional personal income tax cuts set for 2026 and 2027. Australia's 2025 federal ...
200-Million-Year-Old: 66 Ancient Dinosaur Footprints Found on a Rock in Australian School
A 20-year-old rock slab in a Queensland school has been found to contain an impressive collection of 66 dinosaur footprints, ...
Business Today14d
Taxes in FY2025-26: With new tax slabs, 30% tax will start at Rs 24 lakh, Rs 20 lakh net salary will be taxed at 20%
The updated tax slabs, rates, and rebate under the New Tax Regime were announced, providing a boost to taxpayers. In Budget 2025, new income tax slabs were introduced as part of the new tax regime.
Tax Guru17d
New Tax Slabs FY 2025-26: Revised Tax Rates & Key Changes
The following is the comprehensive guide that delves into the latest tax slabs, compares the old and new regimes, and provides practical insights for taxpayers. It is important to understand that the ...
Investopedia18d
Tax Liability: Definition, Calculation, and Example
A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage ...
Australian Broadcasting Corporation18d
Albanese says 'unjustified' US tariffs on Australia poor way to treat a friend
The prime minister has lashed "entirely unjustified" US tariffs being imposed on Australian steel and aluminium, saying it is a poor way for the United States to treat a friend. The White House ...
Mint18d
New vs old income tax regime: ₹1 crore to ₹5 crore salary — What’s your actual take-home pay?
1 crore to ₹5 crore salary: The comparison between the new and old regimes for different salary levels shows variations in tax liability and in-hand income. How much of your high salary do you ...
Indiatimes19d
How will tax liability be calculated if your income source is only stock markets?
Stock market income taxation depends on whether one is an investor or trader. Traders' income is taxed at slab rates as business income, while investors face capital gains tax—12.5% LTCG and 20% STCG.
The Australian Financial Review20d
Australia needs to fund higher defence spending. Here are the options
but Australia has to face the issue soon. In rough terms, we need to increase defence spending to 3 per cent of output or by about $20 billion per year. That requires either tax increases ...
timesnownews20d
GST Rates To Reduce Further, Tax Rationalisation Nears Final Stages: FM Sitharaman
Finance Minister Nirmala Sitharaman announced on Saturday that GST rates will come down further and that the process of rationalising tax rates and slabs has "almost reached a finale." With the ...
Tax Guru21d
Comparative Analysis of Old Tax Regime and New Tax Regime
The Old Tax Regime follows a progressive tax slab system, where taxpayers can claim various deductions and exemptions to reduce their taxable income. Some of the most commonly used deductions include: ...