The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

India follows a progressive tax system, meaning your tax rate increases as your income rises. To simplify, income is divided into different slabs, each attracting a specific tax rate. Here’s how the ...

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February ...

The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025, which aims to simplify the tax system. The bill ...

The New Income Tax Bill will not change the existing tax slabs but will replace the present concept of assessment and ...

The proposed Income-Tax Bill 2025 aims to streamline the definition of taxable incomes categorized under the "Salaries" ...

Tax relief measures and those relating to start-ups, MSMEs and exports in the Budget, and policy rate cut by the RBI, should ...

New Income Tax Bill is expected to come into effect on April 1, 2026. The bill aims to simplify tax laws, remove outdated provisions, and make compliance easier for taxpayers.

The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...