Currently, the Income Tax Act refers to the year of earning taxable income as the ‘previous year’ and the year when the tax ...

One significant amendment in the revised Income Tax Bill is the introduction of the term 'tax year', which replaces the ...

The Income-Tax Act, of 1961, uses "assessment year" and "previous year" for filing returns. In the new bill, 2025, the tax ...

From amendments and updates to the tax slabs — we explore what you can expect from the new income tax bill to be presented by ...

The draft Income-Tax Bill, 2025 has been circulated among Members of Parliament and is expected to be tabled in Parliament on ...

Aimed at overhauling the nation’s tax system, the Income Tax Bill 2025 seeks to eliminate obsolete sections that have ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many taxpayers are worried about how the new income tax bill can impact them. Here are ...

Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into ...

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing ...