India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, ...

Under the new tax regime, the government has also introduced new tax slabs, lowering the tax burden on middle-income earners.

Check the latest slabs of income tax and rates under the new tax regime for those earning above Rs 12 lakh. The adjustment in income tax rates is expected to enhance consumer spending in the economy.

Your home and personal loan EMIs are set to come down with the RBI governor Sanjay Malhotra announcing a 25 ba ...

Finance Minister Nirmala Sitharaman to introduce new income tax bill, replacing old I-T Act, after Cabinet approval.

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial 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 ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Finance Minister Nirmala Sitharaman has proposed significant tax reforms for middle-class taxpayers in India. With zero tax on incomes up to ₹12 lakh and reduced rates for higher brackets, here’s how ...

Finance Minister Nirmala Sitharaman announced the introduction of a new income tax bill in the Lok Sabha next week, replacing ...