New Income Tax bill explained

What’s new in the Income Tax Bill, 2025
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining continuity in most aspects. There are no major tweaks in penalty or compliance provi
What is the need for new Income Tax Bill? ‘To review…’ says Centre
Amid criticism from Opposition MPs on the need for the introduction of the new bill, the Centre shared a list of reasons. What were the issues? The previous Income Tax Act was pas
New Income Tax Bill: 622 Pages, 536 Sections | To Be Tabled Today
India's new Income Tax Bill, replacing the 1961 Act, is expected to be tabled today. The 622-page bill simplifies tax laws, introduces new provisions, and aims to reduce disputes.
India’s tax laws set for a revamp: What is the new Income Tax Bill? How will it affect you?
Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax system in the coming week. The bill promises to reduce litigation, streamline compliance,
India's new income tax bill proposes broad access to taxpayers' devices, social media accounts
India's new income tax bill proposes sweeping powers for authorities to access taxpayers' emails, trading and social media accounts during searches, activities which are not covered in the current tax law.
PAN and Aadhaar: What will be the effect of the new income tax bill on your PAN and Aadhaar, know full details here..
The new Income Tax Bill has been introduced in the Lok Sabha. Finance Minister Nirmala Sitharaman has introduced it. Through this bill, there will be many big and important changes related to income tax.
India makes tax filing easier with new Income Tax Bill 2025
Dubai: After raising the no income tax limit for residents to Rs1.2 million, India has now brought out an updated Income Tax Bill – and made the whole process of tax filings much simpler. “The Rs1.2 million tax-free income is a big deal indeed compared to the earlier Rs300,
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
‘This marks a transition…’: Experts on Income Tax Bill 2025
Several experts have supported the government efforts put into the Income Tax Bill 2025, but some expressed apprehensions.
New Income Tax Bill 2025: 'Layman's Tax Code' - Expert Decodes
Finance Minister Nirmala Sitharaman , in her Union Budget 2025 speech, announced a historic move—the introduction of a new Income Tax Bill to replace the six-decade-old Income Tax Act of 1961.Today, the bill has been officially tabled in Parliament,
New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...
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India's direct tax collections surge 19.06 pc YoY to Rs 21.88 lakh cr as of Feb 10
India's direct tax collections have witnessed a robust growth of 19.06 per cent year-on-year (YoY), reaching Rs 21.88 lakh ...
Income Tax Slab For [FY 2025-26]
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 ...
Tax Guru7d
CBI Files Case Against 3 Tax Officials, 5 CAs for Sabotaging Faceless Tax Scheme
CBI has registered a case against One Deputy Commissioner (IRS) (IT) & two Inspectors of Income Tax Department, five Chartered Accountants and one private person and unknown others on the allegations ...
Explainer: How India's tax rate tweaks will boost middle class spending
The Indian government on Saturday announced the biggest tax relief in at least a decade to boost consumer demand to revive ...
The Independent13d
Modi government slashes income tax for middle classes in India budget
“The focus of the budget is taking everyone together on an inclusive path,” Sitharaman said, adding that the government is aiming for a fiscal deficit of 4.4% of India’s gross domestic ...
U.S. News & World Report13d
Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth
Takeaways From India's Budget That Slashes Income Tax on the Salaried Middle Class to Spur Growth NEW DELHI (AP) — Indian Prime Minister Narendra Modi’s government presented an annual budget ...