Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

Parliament Budget Session 2025, New Income Tax Bill 2025 Live Updates: The Parliament is expected to have another stormy ...

Parliament Budget Session Live: Congress MP Manickam Tagore moves adjournment motion in Lok Sabha ...

The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, making it more streamlined and transparent.

Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The new bill received approval from the Union Cabinet, chaired by PM Modi, on Friday. After introduction in the Upper House, ...

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

Under the new tax system, middle-class individuals and salaried taxpayers earning up to Rs 12 lakh (or Rs 12.75 lakh for ...