Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill which aims to simplify and modernize India’s tax system. The bill, replacing the Income Tax Act of 1961, will not introduce ...

The new bill aims to make direct tax laws simpler, reduce litigation, and remove ambiguities in the current system. Experts ...

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.

A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and ...

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

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

Parliament Budget Session 2025, New Income Tax Bill 2025 Live Updates: The Parliament is expected to have another stormy ...

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

The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, making it more streamlined and transparent.

Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...

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 ...