Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...

Definitions, provisions and explanations have all been simplified. This will reduce the scope for litigation and make the Act ...

A sweeping budget proposal to unlock Trump's agenda was approved by the Republican-led House Budget Committee, sending it to ...

Now that it’s cleared committee in a 21 to 16 vote, Republicans intend to wrangle that blueprint through the House of Representatives after returning from next week’s recess, putting ...

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

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 ...

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

To streamline the law, the new bill reduces the number of pages from 823 to 622, removing redundant provisos and explanations ...

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