In accordance with the proposed Finance Bill 2025, the rebate under Section 87A is now applicable up to a total income of Rs ...

New Income Tax Bill: The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer ...

is set to replace the current Income Tax Act, 1961, according to government sources cited by news agency PTI. The main objective of the bill is to streamline and modernise India's tax system by ...

The new income tax bill received clearance from the Union Cabinet last week. Soon, the FM will likely table the same in the Parliament. The new income tax bill, once passed by the Parliament, will ...

The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...

Later, the Sindh Agricultural Income Tax Act Bill 2025 was presented in the house, which was unanimously approved by the house. Earlier, the Sindh Assembly unanimously passed the Shaheed Benazir ...

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year ... The Tax Cuts and Jobs Act of 2017 added a new section to ...

Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit ... to itemize what they're writing off. The Tax Cuts and Jobs Act of 2017 supersized the standard deduction ...

The Union Cabinet chaired by Prime Minister Modi, is expected to greenlight the new income tax bill during its meeting on ...

Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week. After ...

In order to make the Income Tax Act 1961 more concise and simpler, the government is introducing a new income tax bill. Listen to Story The Income Tax Act 1961 has been in existence over the past six ...