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.

Parliament is likely to see another stormy session as Finance Minister Nirmala Sitharaman might table the New Income Tax Bill ...

A day after experiencing warm and sunny weather, Delhi residents can expect smog and shallow fog on Monday. The national ...

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

Prime Minister Narendra Modi on Saturday praised the Union Budget 2025, emphasising its people-centric approach and its role in shaping India’s ...

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 financial landscape is changing, and young Indians are approaching wealth in new ways. Gen Z is rewriting the rules with ...

While India seeks to counter global headwinds and uncertainties that can mar its economic growth, it should ensure the boost ...

The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...

Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...