The government expects that increased consumption resulting from lower income tax burdens will boost GST collections.
The New Income Tax Bill 2025 aims to simplify tax laws in India, focusing on simplifying language, reducing litigation and ...
It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...
Finance Minister Nirmala Sitharaman introduces the Income Tax Bill, 2025, aiming to simplify India's tax system and enhance efficiency.
Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...
Explore overview of Income Tax Bill 2025, major tax reform simplifies laws, enhances compliance, & introduces digital ...
The new Income Tax Bill will replace the Income Tax Act. However, not many people are able to understand how the new tax bill ...
FM Nirmala Sitharaman said draft Bill—tabled in Lok Sabha & sent to Parliamentary Select Committee for review—incorporated ...
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 ...
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