Finance minister Nirmala Sitharaman defended the income tax relief for the 2025-26 budget, highlighting its benefits for all ...

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

Sonali Sharma Updated : Feb 13, 2025, 04:46 PM IST New Income Tax Bill 2025: The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, ...

President Donald J. Trump’s proposal for a $5,000 Child Tax Credit (CTC) has sparked interest, though details remain scarce ...

The Income Tax Department received 6,500 suggestions from stakeholders as part of this review process. There will be no tax burden on up to Rs 12 lakh annual income, except special income.

Finance Minister Nirmala Sitharaman will table the new Income Tax Bill 2025 in the Lok Sabha today likely at 2:00 pm. Simultaneously in Rajya Sabha, the discussions will be resumed on the JPC ...

AP The Union government is expected to table the new Income Tax Bill in the parliament on Thursday. In the Budget 2025-26, Union Finance Minister Nirmala Sitharaman said that she will introduce new ...

New Delhi: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class ...

The basic exemption limit is now INR 4 lakh, up from the previous limit of INR 3 lakh (explained in the table ... old tax regime, individual taxpayers (below 60 years) earning an annual income ...

Income Tax Bill 2025: Finance Minister Nirmala Sitharaman tabled the new direct tax code or the Income Tax Bill 2025 in Lok Sabha on Thursday. The Income Tax Bill, 2025, will now be referred to ...