Income Tax Bill to make rules simpler, easy to read
The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in ...
Live Mint on MSN12h
The ONLY Podcast You Need To Understand Budget 2025 Tax Changes Marginal Relief, Tax Rebate
No income, so need to file ITR? What about available deductions in the new tax regime? What to do if your salary goes above ...
Newsd15h
Tax Calculation: Understanding Tax Calculation: Gross Income, Taxable Income, and Net Income, What is the difference?
The Union Budget 2025 has introduced new income tax slabs, bringing relief to taxpayers. Finance Minister Nirmala ...
Income Tax Bill News Highlights: Union Cabinet approves new I-T Bill; will be presented in Parliament next week
The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...
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 ...
Newspoint on MSN20h
Tax Regime: How much tax can be saved in the old regime, taxpayers should know this important thing..
Finance Minister Nirmala Sitharaman has announced important changes for the salaried class in Budget 2025. Under the new tax ...
Income Tax Calculator FY 2025-26: Compare New Tax Regime vs Old Tax Regime
The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...
Do I need to pay tax if my income goes even one rupee over Rs 12 lakh?
Yes, it is. You get a Standard Deduction of Rs 75,000 — but only if you’re salaried or a pensioner choosing the new tax ...
TDS, TCS Changes In Budget 2025: Explaining Tweaks In Withholding Taxes, Personal Income Tax
The Budget 2026-27 also seeks to rationalise TDS/TCS provisions to alleviate compliance challenges and other relevant changes ...
Tax Guru23h
9 Key Tax Compliance Issues Missed in Union Budget 2025
This will increase the burden of compliance on the part of the assessees and simultaneously increase the burden of the Income Tax Department also in monitoring the same. Many firms do not have TAN and ...
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 ...
Union Cabinet approves new Income Tax Bill to simplify and modernise tax system
The Union Cabinet approved a new Income Tax Bill to modernize and simplify India's tax system, replacing the 1961 Act. The ...