The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Sitharaman had announced an income tax reform, allowing zero income tax for those earning up to ₹12 lakh. The RBI then announced a 25 bps repo rate cut ...

After introduction in the Upper House, the bill, which was approved by the Union Cabinet chaired by PM Modi, will be sent to ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

India’s 2025 budget cuts taxes to boost spending, but can it offset slowing growth amid inflation, weak demand, and global ...

The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...

The biggest change is the revised tax slab, which ensures that individuals earning up to Rs 12 lakh annually will not have to pay any income tax ...

A week after the Union Budget was announced, the big question remains: Will it help India step onto the path to Viksit Bharat ...