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 ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

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 ...

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 ...

Finance Minister Nirmala Sitharaman urged the Lok Sabha Speaker to refer the Income Tax Bill, 2025, to the Select Committee ...

Learn how you can pay 0 tax on an income of Rs 14.65 lakhs per year with the help of NPS & EPF. Find all the details inside.

The Income Tax Bill, 2025, set to replace the 1961 Act from April 2026, introduces streamlined provisions, a new ‘tax year’ ...

Married couples need to determine which tax regime offers lower tax liability for each spouse considering their income ...

The Bill, which is likely to be introduced in Parliament on Thursday, has now defined a new concept of ‘tax year’ as the ...