The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in ...
The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many ...
Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...
Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...
New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.
The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...
The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.
Finance Minister Nirmal Sitharaman announced a new tax regime slab during the Union Budget 2025-26 presentation, raising the ...