New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...
It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...
“NRIs shall still continue to face a 20 per cent tax on dividend and interest income from Indian companies, with a reduced 10 ...
In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...
The Budget 2025 has raised the threshold of rebate available under Section 87A from Rs 25,000 to Rs 60,000. The basic income ...
As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...
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The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, in ...
ICAI supports new Income Tax Bill 2025 to simplify tax framework, stimulate growth, and assist members with understanding.
Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...
According to the MOTN survey, 27% expect household income to improve, while 31% foresee a decline. On tax exemptions, 44% see benefits for savings. Views on the Union Budget are mixed, with 28% ...
While 27% believe the Rs 12 lakh tax exemption will boost household income, 31% fear that the situation will worsen, reflecting mixed public sentiment on the Union Budget's impact, according to the ...
Whether it’s the Finance Bill, 2025, or the new Income Tax Bill, the detailed FAQs provided by the income tax department ...
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