Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

After a major budget that saw the FM making some crucial announcements regarding direct taxation in India, the New Income Tax ...

A new income tax bill, which received approval from the Union Cabinet on Friday, is likely to be introduced today.

The new income tax bill is likely to bring a transformative shift in India’s taxation system by focusing on simplification ...

Finance Minister Nirmala Sitharaman in her Budget 2025-26 speech said that the new tax bill will be submitted during the ...

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

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

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.

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: ...

India’s latest budget introduces one of the most significant tax cuts in decades, boosting disposable income & supporting ...

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

India’s 2025 budget cuts taxes to boost spending, but can it offset slowing growth amid inflation, weak demand, and global ...