The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...

New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.

Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption ...

The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...

The government is set to introduce the Income-Tax Bill, 2025, a comprehensive revamp of India's tax laws, replacing the Income-Tax Act, 1961. The new legislation, scheduled to come into effect from ...

The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...

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The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

Anonymous: Sir, I'm unemployed & for trading my parents gave me Rs 5.8 lakh and I've made a loss of Rs 2.52 lakh, since money ...

To strengthen the tax system in the country, the government has changed the tax slab system under the new tax regime. It will ...