The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the ...

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

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

Under the new tax regime, as per Section 115BAC, taxpayers are required to forego many of the deductions available under the ...

Understand the major updates in India’s Income Tax Bill 2025, including tax law simplification and a shift to a unified tax ...

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

The new income-tax bill, set to be implemented on 1 April 2026, aims to streamline and simplify the tax code. Expected to ...

This tool allows individuals to compare their tax liability under both the old and new tax regimes by entering their income ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

Central Board of Direct Taxes expects the Institute of Chartered Accountants of India to go through the bill ...

The new Income Tax Bill (ITB), presented in Parliament, aims to replace the 65-year-old Income Tax Act of 1961 (ITA) and will ...

The new Income Tax Bill is more about consolidation of scattered tax provisions, simplification and elimination of redundant laws than about rate ir ...