The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...

India follows a progressive tax system, meaning your tax rate increases as your income rises. To simplify, income is divided into different slabs, each attracting a specific tax rate. Here’s how the ...

The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.

Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February ...

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

The New Income Tax Bill will not change the existing tax slabs but will replace the present concept of assessment and ...

The new Income Tax Bill introduces the concept of the tax year, merging the current terms of the assessment year and the previous year. This change aims to simplify the process for taxpayers, making ...

The Union Budget 2025 balances fiscal discipline with a strong push for demand-driven growth. It addresses economic ...

The proposed Income-Tax Bill 2025 aims to streamline the definition of taxable incomes categorized under the "Salaries" ...

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025, which aims to simplify the tax system. The bill ...

Tax relief measures and those relating to start-ups, MSMEs and exports in the Budget, and policy rate cut by the RBI, should ...