The new Income Tax Bill 2025, which is likely to be tabled in the Parliament on February 13, aims to simplify the terminology ...

From Nifty's sixth straight loss today to industrial production growth slowing to the latest US inflation data, we’ve got all ...

Scrapping archaic provisions and simplifying language are welcome. But systemic issues affecting taxpayer morale must also be ...

The main objective of the new income tax bill is to streamline the existing Income Tax Act of 1961 to enhance comprehension of income tax laws among the general public and minimise legal disputes.

The new Income Tax Bill refines tax law by enhancing clarity, reducing complexity, and improving compliance mechanisms. While ...

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In tax legislation, sections are individual provisions that outline specific rules, obligations or rights, and serve as the ...

The new bill proposes the application of TDS rules to various types of income, including salaries, professional fees, ...

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

The new Income Tax Bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...