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

The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...

The draft Income-Tax Bill, 2025 has been circulated among Members of Parliament and is expected to be tabled in Parliament on ...

Anonymous: Sir, I'm unemployed & for trading my parents gave me Rs 5.8 lakh and I've made a loss of Rs 2.52 lakh, since money ...

With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Finance minister Nirmala Sitharaman introduced several tax reforms in the Budget 2025 intended to benefit middle-class taxpayers, including senior citizens.

Under the new regime, the tax liability for individuals earning Rs 12 lakh or Rs 12.75 lakh (for salaried persons) is Rs ...

The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...