Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital ...
The much-anticipated Income Tax Bill, 2025, was introduced in Parliament today, marking a major effort to streamline the ...
The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026, i.e., from FY 2026-27. Read our story to know the major highlights of this bill and access the ...
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...