The new income-tax bill, set to be implemented on 1 April 2026, aims to streamline and simplify the tax code. Expected to ...
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...
Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...
New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...
No major tax policy changes to ensure continuity and certainty. 3. No modifications of tax rates, preserving predictability ...
To streamline the law, the new bill reduces the number of pages from 823 to 622, removing redundant provisos and explanations ...
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The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...
The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...
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