Generally, the income tax credit (which reduces the actual income tax you pay) equals the amount of Social Security and Medicare taxes paid or incurred by your business on tips received by your ...

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

The clock is ticking! Today is the final chance for taxpayers to file their ITR for AY 2025–26. Missing the deadline could mean penalties. Here's a quick guide to file online before midnight.