The CBDT has released the key highlights of the Finance Bill, 2025, explaining that the capital gains will excluded from ...
The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...
Several redundant Chapters and Sections in the 1961 Act are omitted. The Tax Administration should endeavour to maintaining ...
The Indian economy is likely to get a boost from rural demand picking up and a government-announced tax relief that is ...
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Income Tax: How will your salary be taxed under the new income tax law, taxpayers should know important updates..The Government of India has introduced a new Income Tax Bill, which aims to simplify the tax on income. It is expected to ...
Who needs a break from taxes in India? According to the Union Finance Minister, it is those Indians with annual incomes of ...
The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...
To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.
Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...
The essence of the Bill remains the same and the existing tax base, tax rates, computation mechanism etc. have been largely ...
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What government's push to the New Income Tax regime in Union Budget 2025-26 means for taxpayersChidambaram said at the India Today-Business ... for earning income. And income subjected to special tax rates, such as ...
The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...
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