It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the ...

This Bill is a much-awaited comprehensive overhaul of a gargantuan piece of complex legislation which should be ...

As India moves closer to a major tax overhaul, the new Income-Tax Bill 2025 seeks to simplify the tax structure and to make ...

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

Budget 2025 prioritised three key areas: reviving consumption amid a notable slowdown, keeping inflation in check through a ...

The government has been talking about simplifying the tax structure to make it easier for taxpayers. Eliminating the 30% tax ...

Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh.

Over the past decade, India’s personal income tax structure has undergone significant changes, with successive budgets focusing on easing the tax burden on middle-class taxpayers. Since Prime ...

The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...

FM Nirmala Sitharaman is set to present the New Income Tax Bill in the Lok Sabha today. The bill aims to simplify tax rules, ...