The New Income Tax Bill, 2025 set to take effect from April 1, 2026, represents a comprehensive overhaul of the existing tax framework. It consists of 536 clauses, 16 schedules, and 23 chapters, ...

Lok Sabha Speaker Om Birla constituted a 31-member Select Committee of Lok Sabha MPs to examine the new Income Tax Bill, ...

The Centre plans to implement the Income Tax Bill, 2025, from April 1, replacing the 1961 law to simplify tax filing, enhance ...

As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

Whether it’s the Finance Bill, 2025, or the new Income Tax Bill, the detailed FAQs provided by the income tax department ...

John Quincy Adams famously warned against the US going abroad in search of “monsters to destroy,” but while claiming to ...

The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

Russia will enforce cryptocurrency tax laws in 2025, introducing income and corporate taxes on crypto earnings and mining.

Prime Minister Narendra Modi addressed Parliament, highlighting fiscal reforms like reduced income taxes and the removal of fake beneficiaries from welfare schemes. He criticized opposition parties ...

Finance Minister announced significant tax cuts, raising the exemption limit to Rs 12 lakh, prompting many taxpayers to adopt ...

The Budget document specifies that the new slabs are for those opting for the New Tax Regime, in line with the Centre's push for this new regime that aims to simplify personal tax by doing away ...

And simplicity usually comes with trade-offs. While the new tax regime offers lower tax rates, it removes many popular deductions, forcing taxpayers to weigh the trade-off between reduced ...