To ensure greater clarity, the bill also includes tables, examples, and formulas to explain tax provisions to make it easier ...

The Income-Tax Bill 2025 proposes cutting down the number of sections by almost half, from 819 to 536, eliminating redundant exemptions, and reducing the total word count from 5 lakh to 2.5 lakh. One ...

The introduction of the Income Tax Code 2025 marks a significant overhaul of India’s taxation framework, consolidating and amending the previous laws to enhance clarity, ...

The much-anticipated new income tax bill will replace terminologies like assessment and previous year with easier to understand ‘tax year’ as part of move to simplify language while removing provisos ...

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

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...

The Income Tax Bill 2025 aims to reform Indias tax structure with new terminology, a tiered system, and simplified deductions ...

The New Income Tax Bill aims to simplify and modernize India’s tax structure, making compliance easier for taxpayers while ...

Bengaluru: Residents of Bengaluru are voicing their anger online over a steep increase in metro fares, with calls for a ...

Sankari Prasad Singh Deo, the zamindar from Kashipur, moved the Supreme Court challenging the new nation’s first plank for ...

FM Nirmala Sitharaman is set to present the New Income Tax Bill in the Lok Sabha today. The bill aims to simplify tax rules, ...