ICAI backs Income Tax Bill 2025, calls it a boost for economic growth and MSMEs
ICAI supports new Income Tax Bill 2025 to simplify tax framework, stimulate growth, and assist members with understanding.
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Overview of The Income Tax Bill 2025
Government of India is expected to release soon, the much awaited The Income Tax Bill 2025 which is an exhaustive legislation covering all the aspects related to taxes on income in India. There are 23 ...
INDIA BUDGET-India's Tax Cut Plans Will Boost Consumption, Top Execs Say
This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates ...
Income Tax: What is rebate under 87A which enables taxpayers earning upto ₹12 lakh to claim zero tax? An explainer
If you have seen the latest tax rates, you must have noticed that there is 5 percent tax on income between ₹4 to 8 lakh and ...
New Income Tax Bill to have 622 pages, 536 sections; likely to be tabled in Parliament on February 13
Simplified tax bill with 536 sections and 23 chapters to replace the complex Income Tax Act, 1961, set to introduce in the ...
10 takeaways in new Income Tax Bill for taxpayers: Tax year, TDS compliance, number of sections and more
The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...
New Income Tax Bill 2025 introduced by FM Nirmala Sitharaman in Parliament today: Check details
Finance Minister Nirmala Sitharaman has introduced the new income tax in Parliament today. The new Income Tax Bill will ...
Should you choose new tax regime over old? All your questions on income tax answered
Are you left scratching your head about the changes in tax slabs in the new regime announced in Union Budget 2025? Wondering ...