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Old vs. New Tax Regime: Key Benefits in the Income Tax Bill 2025
The Indian government has introduced the new Income Tax Bill 2025 to simplify and enhance the efficiency of the tax system.
Mint6d
New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered
Amid the new Income Tax Bill 2025, we answer several FAQs on tax slabs, the old vs. new regime, the new income tax rules, exemption limits, and more. The new Income-Tax (I-T) Bill, announced by ...
Business Today4d
Are you required to choose the New Tax Regime once more in the 2025 Income-Tax Bill? What's the scope for Old Tax Regime
The Income Tax Bill, 2025 was presented in the Lok Sabha by Finance Minister Nirmala Sitharaman on February 13, 2025. The proposed Bill aims to simplify and modernise India's tax system by ...
Business Line6d
Old tax regime to continue along with new one, tax tabulation for FY25 to be done under existing Act
The new income Tax Bill has ended, for now, the speculation that the old tax regime will end. The Bill, once introduced, will be referred to the department-related Standing Committee on Finance.
The Financial Express6d
New Income Tax bill: Simpler language, new regime and taxpayer benefits – what’s in it for you
New Income Tax Bill: The government has made the new Income Tax Bill public before it is set to be tabled in the Parliament on 13 February, 2025. The new document spans over 622 pages and will be ...
Business Today6d
New Income Tax Bill 2025 to propose no tweaking between old, new tax regimes every tax year; here's what it means for taxpayers
Over the years, the Income Tax Act 1961 has undergone 66 revisions through various Budgets, including interim budgets. Among many proposals, the New Tax Regime may prohibit taxpayers from ...
NDTV6d
New Income Tax Bill 2025: Old Vs New Regime Differences, Exemption Limits And More
Those earning up to Rs 12 lakh annually won't have to pay any income tax under the new regime. Add to it the standard deduction of Rs 75,000 and taxpayers with up to Rs 12.75 lakh annual income ...
Mint4d
New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025: “The Income-Tax Bill, 2025, represents a significant modernization of India’s tax regime, proposed to be effective from the tax year 2026-27. It reworks the existing ...
Business Line3d
Can ELSS thrive under new tax regime?
A pioneering investment vehicle — Equity Linked Savings Schemes (ELSS) — was ushered into existence with the debut of the Magnum Taxgain Scheme (now called SBI Long Term Equity) in 1992-93.
Zee Business4d
New Income Tax Bill 2025: What changes, what remains, and how it may impact taxpayers
The bill does not alter the current income tax rates or slabs, ensuring stability for taxpayers. - The new tax regime’s slabs are provided in tabular format, but there is no table for tax rates under ...
The Pioneer5d
Revamping the tax regime
Nirmala Sitharaman introduces the Income Tax Bill 2025 in Parliament, aiming to replace the 1961 Act with a more taxpayer-friendly framework Finance Minister Nirmala Sitharaman introduced the ...