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

This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman, seeks to replace the existing Income Tax Act, 1961 and introduce changes that affect different categories of taxpayers, ...

Ans: As noted above, the total words in the new Income Tax Bill, 2025 are around 2.6 lakhs, as against 5.12 lakh words in the ...

The bill advances the Modi government’s "ease of doing business" initiative by providing a clear and simple tax framework ...

After presenting the income tax bill the Finance Minister asked the Lok Sabha Speaker Om Birla to nominate members for a ...

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

The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...

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 ...

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

The new Income Tax bill is set to introduce the concept of 'Tax Year'. This will replace the current concept of assessment ...

The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...

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