Income Tax

NEW YORK — The average Wall Street bonus fell slightly last year to $176,500 as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday. The average bonus for employees in New York City’s securities industry was down 2% from $180,000 in 2022. The slight dip came even as Wall Street profits were up 1.8% last year, according to the annual estimate from Thomas DiNapoli, the state’s comptroller. DiNapoli’s office said the slight decline could be…

IT company Coforge has received income tax demand notice of around Rs 122 crore comprising tax demand of Rs 97.97 crore and interest liability of Rs 23.79 crore, the company said in a regulatory filing on Thursday. The notice was received by the company on December 20. Coforge mentioned that it has received a "total tax demand of Rs 97,97,99,720 (including interest liability of Rs 23,79,49,419)". Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in…

Coloradan taxpayers can each expect an extra $800 back when they file their state income tax returns early next year, state officials said Wednesday. The refund is based on revenue collected above the cap set by the Taxpayer’s Bill of Rights, or TABOR, the state constitutional amendment passed by voters in 1992 to limit the growth of government. Unlike in 2022, when taxpayers received a check in the mail, people will collect the money through their tax filings in the form of higher refunds or reduced tax bills. Overall,…

More than 63% of tax-paying Indians are still on the old tax regime, compared to the 37% who have moved to the new one, found a survey conducted by PB Fintech, the parent company of insurance marketplace Policybazaar.The survey, which covered 1,263 respondents across 350 cities in the country, found out that women were more particular about choosing the tax regime, with 74% of them having picked the tax regime through hard calculations compared to 71% among men.Elevate Your Tech Prowess with High-Value Skill…

Four of the seven bills passed by lawmakers during an emergency session aimed at softening property tax increases and providing other forms of relief to residents were signed into law Monday evening by Gov. Jared Polis, just hours after the legislature adjourned. The measures approved since Friday, in a session called after voters rejected Proposition HH this month, will affect nearly all Coloradans who are grappling with surging property taxes and a fast-rising cost of living. The owner of a typical $500,000 home will…

Colorado lawmakers have returned to the State Capitol on Monday morning for the fourth — and possibly final — day of a special session aimed at providing relief from skyrocketing property taxes, rents and other cost-of-living expenses for Coloradans. The House and Senate both reconvened shortly after 10 a.m.. Together they have five bills scheduled for final floor votes and, if needed, discussions to reconcile details between the versions passed by each chamber. The outstanding bills include the majority Democrats’ main…

Image Source : FILE Know how to pay Income Tax via PhonePe app PhonePe, the digital payments services company, has introduced a convenient Income Tax payment feature on its app. This new feature is designed to enable both individuals and businesses to pay their taxes through the PhonePe app. To make this possible, PhonePe has partnered with PayMate, a digital B2B…

Digital payments and fintech platform PhonePe on Monday launched a feature to pay income tax through its app. Individuals and businesses can pay self-assessment and advance tax through UPI or credit card via the application, without logging into the income tax portal, PhonePe said.The amount will be credited to the tax portal within two working days.Users can pay taxes by logging into the app and selecting the "income tax" icon. Then, they must select the type of tax to be paid, assessment year and Permanent Account…

The Internal Revenue Service is apologizing after many taxpayers in California and other states affected by natural disasters were sent letters demanding payments that weren’t due until Oct. 16. The Internal Revenue Service is apologizing after many taxpayers in California and other states affected by natural disasters were sent letters demanding payments that weren’t due until Oct. 16. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of…

The Internal Revenue Service says it is no longer dropping the call. The agency answered 2.4 million more taxpayer phone calls with live assistance this year through April 7, compared with the same period last year. And wait times fell to four minutes, down from a sitcom-length 27 minutes a year ago.  The Internal Revenue Service says it is no longer dropping the call. The agency answered 2.4 million more taxpayer phone calls with live assistance this year through April 7,…