It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under new section ...

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

The minister has indicated that her ambition is to pass a new Holidays Act before the end of the current Government’s term. However, once enacted it is likely that there would be a transitional period ...

Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

The Income Tax Bill 2025 aims to reform Indias tax structure with new terminology, a tiered system, and simplified deductions ...

If a property is rented out and has an active home loan, the taxpayer can claim a deduction of up to ₹2,00,000 on the ...

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

In the Budget 2025, Finance Minister Nirmala Sitharaman increased the income tax rebate limit from Rs 7 lakh to Rs 12 lakh in the New Tax Regime. Effectively, individuals earning up to Rs 12 lakh will ...

Discover how income tax changes from Rs 0 on Rs 12 lakh earnings to Rs 61,500 on Rs 12.1 lakh, with a breakdown of tax rates and amounts.