The new income tax bill, compared to Income Tax Act, 1961, is nearly half the size, containing 259,676 words, 23 chapters, 536 sections, 57 tables and 46 formulae.

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 ...

New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

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

Finance minister Nirmala Sitharaman defended the income tax relief for the 2025-26 budget, highlighting its benefits for all ...

Finance Minister Sitharaman introduces Income Tax Bill, 2025, in Lok Sabha amid opposition parties opposing its introduction. Sitharaman also urged the speaker to refer Income Tax Bill, 2025, to ...

The simplified Income Tax Bill, which is half the size of the 1961 Income Tax Act, seeks to achieve tax certainty by ...

No major tax policy changes to ensure continuity and certainty. 3. No modifications of tax rates, preserving predictability ...

The Centre is set to introduce a new Income Tax Bill, aiming to replace the 64-year-old complex tax structure with a ...

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.