New Income Tax Bill 2025: Less complex, increased compliance to unified tax rates - how taxpayers will be impacted
The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.
Newspoint on MSN2h
New Income Tax Bill 2025: Big update on the new income tax bill, the bill can be presented in Parliament on this day, so know what will change.
Now soon you will not need to run to a chartered accountant, company secretary, or any tax practitioner or lawyer to ...
New Income Tax Bill set to be tabled in Parliament next week
The current Income Tax Act was enforced in the country in 1961 and now, the new Income Tax Act is being made according to the ...
New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained
The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...
The Financial Express2d
New Income Tax Bill unlikely to be tabled in Parliament this week! Here’s all you need to know
The new income tax law will replace the existing Income Tax Act of 1961. The tax Bill is being brought to make the tax ...
New Income Tax Bill expected to be approved by Cabinet today; key details on what all it may cover
The proposed legislation, as announced by Finance Minister Nirmala Sitharaman during the Budget 2025, will prioritise ...
The Financial Express6h
New Income Tax Bill may be tabled in Parliament on Monday – How it will impact taxpayers
The revised tax system is set to be implemented starting from the fiscal year 2025-26, affecting taxpayers in the assessment year 2026-27.
Swarajya3h
Union Cabinet Approves New Income Tax Bill To Replace Six-Decade-Old Law: Report
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill on Friday (7 February), setting ...
New Income Tax Bill likely to be introduced in Lok Sabha next week
The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.
CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for - new tax or old tax?
In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...
Press Trust of India on MSN3h
Hope to introduce new income tax bill in Lok Sabha next week: FM Nirmala Sitharaman
The bill will again go to the Cabinet after the parliamentary committee gives its recommendations on it. After Cabinet ...
New income-tax bill gets Cabinet nod; to be tabled in Parliament next week
The Bill will include the recent changes in income tax rates, slabs and TDS (Tax Deducted at Source) provisions will also be ...