The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.

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

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

The bill is likely to propose expanded definitions related to digital transactions, electronic record-keeping, and ...

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

Discover the extensive New Income Tax Bill expected to be presented in Parliament, introducing the Income Tax Act with over ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

After several days of proverbial hammering from House members, Lt. Gov. Delbert Hosemann unveiled specifics on the Senate's ...

Medicare beneficiaries with income over a designated amount are required to pay a monthly fee in addition to their Medicare ...

Tax calculator 2025: The Income Tax Department has introduced ... Additionally, for a salaried individual with a basic salary of Rs 50,000 and an HRA component of Rs 25,000 per month, the assumed ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

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 ...