The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

The Government of India levies ... under the new income tax regime. The basic exemption limit is now INR 4 lakh, up from the previous limit of INR 3 lakh (explained in the table below).

The reinstatement of indexation in India’s tax system aims to ensure fair taxation and restore market confidence. It protects taxpayers from inflated tax burdens, encourages long-term investments, and ...

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

The proposed bill does not change tax rates. Instead, it focuses on three key improvements: simplifying language for better ...

The income tax slab of 30% has remained at Rs 15 lakh since 2020. However, the Cost Inflation Index (CII) has increased by 21% during this period.

The Income Tax Bill 2025 aims to enhance the tax environment for Non-Resident Indians (NRIs) by simplifying compliance and ...

A critical look of the new Income Tax bill suggests that these changes are largely cosmetic. The core complexities of the tax ...

Union Budget 2025 LIVE updates: Finance Minister Nirmala Sitharaman, in her eighth consecutive budget in a row, said income ...

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill in Lok Sabha, aiming to simplify tax laws with clearer language and streamlined provisions. | One of India's leading Digital News ...