The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

The introduction of the Tax Year is a step toward simplifying India's tax structure. It removes unnecessary jargon and aligns ...

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

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

The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.

The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...

India's tax policy has evolved significantly since the 1970s, when Prime Minister Indira Gandhi's government imposed a 97.5% ...

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

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

The Bill has been referred to a select committee for further scrutiny. The committee, which will examine the proposed changes and potential amendments, is expected to submit its report to Parliament ...