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, 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, ...
Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption ...
Many taxpayers preferred the old tax regime because it allowed them to claim deductions for expenses like house rent, home ...
Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 ...
The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...
The new Income Tax bill will replace the existing Income Tax Act, 1961. The new bill is being brought to consolidate and ...
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions.' IMAGE: The live telecast of Union Budget 2025 at an electronics ...
The Union Budget 2025-26 has kept the tax slab rates unchanged for salaried individuals below 60 years old. The existing tax slab rates are as follows: nil for individuals earning up to INR 2.5 ...