New Income Tax Bill to be tabled today

Have income tax slabs for FY 2025-26 in new, old tax regime changed in new Income Tax Bill?
The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many taxpayers are worried that the new tax bill has made any changes in the income tax slabs under old and new tax regimes.
New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered
Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption limits and more.
New Income Tax Bill 2025: Old Vs New Regime Differences, Exemption Limits And More
The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in the Lok Sabha on Thursday, February 13, 2025. Once enacted, the proposed bill will replace the six-decade-old Income Tax Act of 1961, which has become increasingly complex and cumbersome due to numerous amendments.
FY2025-26 New Income Tax Slabs Under Revised Tax Regime – A Detailed Breakdown
To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget 2025-26 presentation, increasing the income tax exemption limit to Rs 12 lakhs.
New income tax regime: Check revised tax rates, slabs, and will you benefit?
Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.
New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax regime and claim tax exemption, one has to first opt out of the new tax regime f
Budget 2025: What Are The New Income Tax Slabs For FY 2025-26?
The Union Budget has made significant adjustments, including raising the cap of Rebates under Section 87A and drastically raising the slab rates under the new system. Except for special rate income like capital gains,
Income Tax Slab For [FY 2025-26]
The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier to calculate and file taxes,
Should you choose new tax regime over old? All your questions on income tax answered
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering if the new regime will leave you with more money in hand. We have the answe
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
When is new Income Tax Bill likely to come into effect?
Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into effect. Will the government provide ample time for taxpayers, tax experts and other stakeholders to understand the new law and its impact on them?
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Income Tax Slabs and Rates: New Regime Vs Old Regime
Check the latest slabs of income tax and rates under the new tax regime for those earning ... the exemption limit is Rs 5 lakh. As per the Old Tax Regime which allows deductions ...
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Revised Income Tax Slabs, Old Regime vs New Regime? Top Questions Answered
Taking an example, an individual earning Rs 50 lakh per annum, will now be paying income tax of Rs 10,80,000 as per the revised slabs, Rs 1,10,000 less than what he currently pays.
Budget 2025: Tax-free income limit under new regime rises to Rs 12 lakh
Union Finance Minister (FM) Nirmala Sitharaman, who presented her eighth consecutive Union Budget on February 1, streamlined ...