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

The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...

The new Income Tax Bill is a key element of the regulatory reforms announced by finance minister Nirmala Sitharaman in her ...

In a significant move to modernize India’s tax framework, the Union Cabinet has approved the new Income Tax Bill 2025, set to replace the existing Income Tax Act of 1961. This initiative aims to ...

The law, which is expected to be tabled in Parliament in the Budget session, will go to the Standing Committee on Finance for ...

India's new Income Tax law aims to simplify tax laws, reduce litigation, and make it easier for taxpayers to understand their ...

The Union Cabinet chaired by Prime Minister Modi, is expected to greenlight the new income tax bill during its meeting on ...

The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Inflation affects everyone, including the economy and taxes. India's Income Tax Act has provisions to adjust tax liabilities for inflation. These adjustments ensure taxpayers aren't burdened with ...

India's Union Budget 2025-26 introduces several revisions to taxation policies, besides provisions for focus industries and MSMEs.

In an interview to TOI, chairman of the Central Board of Direct Taxes (CBDT) Ravi Agrawal says he is confident that direct ...