With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

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

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

The new income tax bill, to be introduced in Parliament next week, will not have long sentences, provisos and explanations, Finance Secretary Tuhin Kanta Pandey said on Thursday. The new bill, which ...

India's new income tax bill, replacing the 1961 Act, will be simplified with shorter sentences and no provisos or explanations. The bill is expected to be discussed at the Cabinet meeting on Friday.

India’s tax system saw important updates, making the new tax regime the default for most taxpayers. While it offers lower tax rates, it removes many traditional exemptions.

The Income Tax Act, which has been in force in India since 1961, is now on the threshold of change. The government has ...

The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 In comparison, the total revenue impact of major tax incentives for corporate ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab you fall under as per your tax regime, it becomes easier ...

Finance minister Nirmala Sitharaman introduced several tax reforms in the Budget 2025 intended to benefit middle-class taxpayers, including senior citizens.

Under the new regime, the tax liability for individuals earning Rs 12 lakh or Rs 12.75 lakh (for salaried persons) is Rs ...

The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing ...