To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...
The Centre plans to implement the Income Tax Bill, 2025, from April 1, replacing the 1961 law to simplify tax filing, enhance ...
Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...
The new tax regime – the default – offers a basic exemption limit of Rs 3 lakh for all individuals, regardless of age. This ...
Finance Minister announced significant tax cuts, raising the exemption limit to Rs 12 lakh, prompting many taxpayers to adopt ...
What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for ...
3d
New Income Tax Bill retains provisions from 1961 Act, offers flexibility, transparency, and aims to simplify tax laws.
The new Income Tax Bill is more about consolidation of scattered tax provisions, simplification and elimination of redundant laws than about rate ir ...
Under the new tax regime, as per Section 115BAC, taxpayers are required to forego many of the deductions available under the ...
This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...
The new Income Tax Bill, tabled today in the Lok Sabha, retains all the deductions and exemptions but under new section ...
The new Income Tax Bill (ITB), presented in Parliament, aims to replace the 65-year-old Income Tax Act of 1961 (ITA) and will ...
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