The new bill, announced by Finance Minister Nirmala Sitharaman in the Union Budget, is expected to be presented in Parliament this week. It was approved by the Union Cabinet on February 7.

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

The Union Cabinet approved a new Income Tax Bill to modernize and simplify India's tax system, replacing the 1961 Act. The ...

In 2014, taxpayers were exempt from tax on income up to Rs 2 lakh. Budget 2025 has significantly expanded this relief to Rs ...

Finance Minister Nirmala Sitharaman to introduce new income tax bill, replacing old I-T Act, after Cabinet approval.

The Finance Secretary reportedly that the income tax bill prioritises simplification and will focus on lowering penalties for ...

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

The revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

The new legislation, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

The Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced significant changes to India’s tax slabs. The minister announced that individuals earning up to Rs 12 lakh ...