The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, in ...

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...

As India moves closer to a major tax overhaul, the new Income-Tax Bill 2025 seeks to simplify the tax structure and to make ...

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.

Finance Minister Nirmala Sitharaman introduces the Income Tax Bill, 2025, aiming to simplify India's tax system and enhance efficiency.

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

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 ...

India's new Income Tax law aims to simplify tax laws, reduce litigation, and make it easier for taxpayers to understand their ...

Simplified Income Tax Bill brings in 'tax year' concept; omits 'previous year', obsolete clauses (Eds: Updating with details) ...

The new Income Tax Bill will replace the Income Tax Act. However, not many people are able to understand how the new tax bill ...