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

No major tax policy changes to ensure continuity and certainty. 3. No modifications of tax rates, preserving predictability ...

You can use Indian Express ’s income tax calculator to calculate your tax for financial year 2025-26. Select Financial Year: ...

New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

The Budget 2025 introduces a revamped income tax structure, offering a full tax rebate for individuals earning up to Rs 12 ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Simplified Income Tax Bill brings in 'tax year' concept; omits 'previous year', obsolete clauses (Eds: Updating with details) ...

If you file your ITR under New Tax Regime, there will not be any tax payable, as it will be covered under Tax Rebate (u/s ...

A major change introduced in the Finance Bill 2025 is restructuring the New Income Tax regime to provide more take home to salaried employees and encourage them to spend or invest further. The change ...