New income tax bill: What it could mean for taxpayers and how it can impact them
Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the new income tax bill in Parliament next week. Many taxpayers and common citizens anticipate the new income tax bill to know how it could impact them.
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 process simple and clear.
New income tax bill likely to be approved by Cabinet today: What to expect and key changes
The bill will not introduce new taxes. Instead, it will focus on simplifying tax laws, reducing legal complexities, and making compliance easier for taxpayers.
New Income Tax Bill: What is it and how will it help taxpayers?
In order to make the Income Tax Act 1961 more concise and simpler the government is introducing a new income tax bill.
Kentucky Lawmakers Send Bill to Cut the State's Income Tax to the Governor. He Supports It.
Kentucky lawmakers completed their work Tuesday to reduce the state’s individual income tax rate, delivering on a top Republican priority on just the fifth day of this year's session. Final passage came on a 34-3 Senate vote to lower the tax to 3.
Exclusive | What to expect from the new Income Tax Bill
One of the proposed changes is to present rates, thresholds, and limits in a tabular format, rather than in lengthy written paragraphs, making them easier to locate and understand for both taxpayers and tax professionals.
Kentucky legislature passes bill to cut individual income tax
The Kentucky legislature passed House Bill 1, which reduces the state's individual income tax from 4% to 3.5%.
Kentucky Senate passes income tax cut as bill heads to Beshear
A bill that would lower Kentucky’s personal income tax rate to 3.5% starting next year sailed through the state Senate. House Bill 1 passed by a 34-3 vote and will now head to Gov. Andy Beshear’s desk.
Income Tax Reduced For Millions of Americans
Kentucky Gov. Andy Beshear signed a bill into law which will reduce the personal income tax for millions of Kentuckians.
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New income tax bill approved by Cabinet, likely to be presented in Lok Sabha on Monday: Sources
New income tax bill approved by Cabinet, likely to be presented in Lok Sabha on Monday: Sources ...
New Income Tax bill meant to be understood by citizens, not just lawyers: Finance Secretary
"It will be simple, with no provisos or complicated language,” Tuhin Kanta Pandey said, highlighting the significant ...
Social Security Bill Could See End to 'Double Tax' on Recipients
A bill brought to the House of Representatives by Republican lawmakers would amend the tax code to remove taxes on Social ...
No Income Tax For Working Class? Unions Float Radical Proposal
Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.
Tariffs May Add $1,700 To Average Tax Bill, Hike Prices And Cut Income, Say Experts
Higher tariffs could worsen the squeeze on American families by increasing their taxes, lowering their income, and requiring ...
Social Security Taxes to Change Under New Bill: Here's Who's Impacted
According to the Social Security Administration (SSA), the estimated average monthly Social Security retirement benefit for ...
Did you receive a higher-than-expected tax bill from the IRS? Here are 3 strategies to bridge the gap
Nobody likes learning about unexpected tax liabilities at the last minute, but paying with cash isn’t your only option.