New Income Tax bill explained

Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details
To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.
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,
New Income Tax Bill: What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals
In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG survey highlights priorities such as dispute simplification, compliance enhancement,
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.
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 Guru8d
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 ...
Swarajya3d
India’s Direct Tax Collections Rise 19 Per Cent To Rs 21.88 Lakh Crore In FY25
India’s direct tax collections have recorded 19.06 per cent year-on-year (YoY) growth, reaching Rs 21.88 lakh crore in the ...
The Associated Press on MSN14d
Takeaways from India's budget that slashes income tax on the salaried middle class to spur growth
In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and ...
The Independent14d
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 ...