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

With its focus on clarity and simplicity, the new Bill will lead to a more accessible and responsible tax system ...

The Income Tax Bill 2025 has several aspects to be considered by the Non-Resident Indians as Clauses replace Sections.

Tax experts said based on an initial review, the new Income Tax Bill does not seem to introduce any significant changes to ...

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...

The Income Tax Bill has failed to live up to the hype that it created, feels a section of tax analysts and chartered accountants. They feel what was ...

The New Income Tax Bill 2025 simplifies tax rules, introduces user-friendly tables, and removes outdated terms, making tax filing easier and more transparent.

The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 clauses, 16 schedules, and 23 chapters, ...

In pay-out type FDs, much like shown in the above table, no TDS will be deducted as the principal and interest amount will ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The Supplement is based on income and is available to Old Age Security pensioners with low income. It is not taxable. In many cases, we will let you know by letter when you could start receiving the ...