The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

This proposed legislation seeks to replace the existing Income Tax Act of 1961, which has been in place for over 60 years.

The New Income Tax Bill 2025 aims to simplify tax laws, improve compliance, and reduce disputes. Key features include ...

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

The new income tax bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...

The new Income Tax Bill will exclude outdated provisions, reduce the total number of sections, and introduce clearer language ...

Tax expert noted that the new bill is going to bring a 'transformative' shift in the country's taxation system by focusing on ...

Experts have often called the current Income Tax Act of 1961 complex, cumbersome, and leading to a lot of litigations. The ...

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

The average borrower could see their monthly bill swell to $288 from $95 according to an early estimate by The Institute for ...

The new Income Tax Bill is contemplated to raise the level of transparency in tax laws by adopting clear and unambiguous ...

Earlier on Friday, the Union Cabinet led by Prime Minister Narendra Modi had given the approval for the new Income Tax Bill.