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 ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

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

Income Tax Calculator: During Budget 2025, Union Finance Minister Nirmala Sitharaman announced new tax rates, offering relief to the salaried taxpayers. With a higher tax rebate of upto ₹ 60,000 ...

Your home and personal loan EMIs are set to come down with the RBI governor Sanjay Malhotra announcing a 25 ba ...

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 ...

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 ...

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 ...