The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Reliance Industries record-breaking performance not only shows its contribution in India’s corporate sector but also reflects ...

The new bill received approval from the Union Cabinet, chaired by PM Modi, on Friday. After introduction in the Upper House, ...

Income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

After introduction in the Upper House, the bill, which was approved by the Union Cabinet chaired by PM Modi, will be sent to ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

The Finance Secretary reportedly that the income tax bill prioritises simplification and will focus on lowering penalties for ...

FY25 results show growth in various sectors, with challenges like consumption slowdown and higher input costs.