Parliament refers New Income Tax Bill to select committee for review
The panel will submit its report by the first day of the next session, said Finance Minister Nirmala Sitharaman.
Income Tax Dept releases FAQs on new Income Tax Bill: Check details
To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961. Sections 80HHE, 10A and 10AA were ...
Congress MP Manish Tewari says new Income Tax Bill for complex
Congress MP Manish Tewari criticized the new Income Tax Bill, claiming it is more complex than the previous one with over 500 sections compared to 296 ...
Income Tax Bill 2025: PDF Download, Key Changes, Important Highlights
The Bill seeks to replace 298 sections and 14 schedules in the existing Income Tax Act, 1961, with a 622-page new law enshrined in 536 sections, 23 chapters and 16 schedules.
New Income Tax Bill 2025 introduced by Nirmala Sitharaman in Parliament, Opposition stages walkout
The new Income Tax Bill 2025 was tabled in the Lok Sabha on February 13, following which the Opposition MPs staged a walkout.
FirstUp: PM Modi in US to meet Trump, FM likely to table new income tax bill... Headlines today
As diplomatic ties evolve, PM Modi will meet US President Donald Trump in Washington, China’s Foreign Minister Wang Yi visits ...
Parliament Budget session LIVE: Finance Minister Nirmala Sitharaman introduces Income Tax Bill
The first sitting of the Budget Session will end Thursday. Finance Minister Nirmala Sitharaman is scheduled to present the ...
Income Tax Slabs Explained: Simplifying Tax Calculations for You
India follows a progressive tax system, meaning your tax rate increases as your income rises. To simplify, income is divided into different slabs, each attracting a specific tax rate. Here’s how the ...
New Income Tax Bill
The New Income Tax Bill was cleared by PM Narendra Modi-led Union Cabinet last week. It features 536 clauses across 622 pages ...