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

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

Income tax department has launched the new utility to enable taxpayers find the relevant provision in New Income Tax bill by ...

A critical look of the new Income Tax bill suggests that these changes are largely cosmetic. The core complexities of the tax ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...

The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, introduce a ...

Post the Budget, we received many queries from our print and online subscribers on income-tax proposals in the budget. Here, ...

The government increased the tax exemption limit to Rs 12 lakh and revised rates lower under the New Tax regime in the Budget ...

The Government said it wants to continue to offer tax incentives for people saving into pensions, such as tax relief on ...

Inheritance tax is no longer a concern solely for the wealthy. Prior to chancellor Rachel Reeves’ first Budget, it was ...

Your main options will be to keep the inherited portfolio intact, cash it in, overhaul and integrate it into your own ...