New Income Tax Bill 2025: What changes, what remains, and how it may impact tax payers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively replacing the term “assessment year.”
New Income Tax Bill 2025: Old Vs New Regime Differences, Exemption Limits And More
The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in the Lok Sabha on Thursday, February 13, 2025. Once enacted, the proposed bill will replace the six-decade-old Income Tax Act of 1961, which has become increasingly complex and cumbersome due to numerous amendments.
Have income tax slabs for FY 2025-26 in new, old tax regime changed in new Income Tax Bill?
The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many taxpayers are worried that the new tax bill has made any changes in the income tax slabs under old and new tax regimes.
Should you choose new tax regime over old? All your questions on income tax answered
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering if the new regime will leave you with more money in hand. We have the answe
New vs old income tax regime after Budget 2025: Post income tax slab changes, which tax regime is better for salaried middle class taxpayers?
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant income tax relief for the midd
New tax regime vs old tax regime post Budget 2025: These income earners may still benefit from old tax regime
The proposed changes could substantially increase the disposable income available to both middle-class and high-income earners. The benefit will be more pronounced at the bottom of the income pyramid.
New Income Tax bill focuses simpler rules; makes no structural changes
The new Income Tax Bill is more about consolidation of scattered tax provisions, simplification and elimination of redundant laws than about rate ir
Budget 2025: Key tax slab changes likely in new regime! Rs 5 lakh income to be exempt from tax?
The move, which is expected to be part of the Union Budget 2025-26, aims to provide greater relief to taxpayers in the middle-income bracket.
Personal Income Tax Changes in India Under the New Regime for FY 2025-26
India's Union Budget 2025-26 has introduced personal income tax changes under the new regime to spur middle-class spending & economic growth.
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
New Income Tax Bill 2025: 'Layman's Tax Code' - Expert Decodes
Finance Minister Nirmala Sitharaman , in her Union Budget 2025 speech, announced a historic move—the introduction of a new Income Tax Bill to replace the six-decade-old Income Tax Act of 1961.Today, the bill has been officially tabled in Parliament,
New Income Tax Bill 2025 LIVE Updates: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...
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New Tax Regime Turns More Attractive
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions ...
10 takeaways in new Income Tax Bill for taxpayers: Tax year, TDS compliance, number of sections and more
The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...