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

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

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

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

Explore the possible BIG updates in the Income Tax Bill 2025 and how the new system could bring changes that impact your ...

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

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 ...

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

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