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

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

The new Income Tax Bill aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, it ...

Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...

The proposed Income-Tax Bill 2025 aims to streamline the definition of taxable incomes categorized under the "Salaries" ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

The new Income Tax Bill introduces the concept of the tax year, merging the current terms of the assessment year and the previous year. This change aims to simplify the process for taxpayers, making ...

Tax relief measures and those relating to start-ups, MSMEs and exports in the Budget, and policy rate cut by the RBI, should ...

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

The Union Budget 2025 balances fiscal discipline with a strong push for demand-driven growth. It addresses economic ...

Government provided data on India’s household savings, liabilities, and measures for the middle class. According to the Reserve Bank of India (RBI), per capita household financial liabilities ...

Budget 2025 focusses on providing relief to the middle class, while keeping its eye on development. Will it spur demand?