The new Income Tax Bill received clearance from Union Cabinet last week. Soon, the FM will likely table the same in the ...

The New Income Tax Bill, cleared by the Union Cabinet on 7 February 2025, is expected to be tabled in Parliament this week.

It is also expected to make the compliance of the income tax law easier for taxpayers and income tax authorities. The CBDT had also set up an internal committee to oversee the review and make the Act ...

Additionally, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported progress in developing its e-filing module, with implementation pending security clearance. The Supreme Court ...

Tax calculator 2025: The Income Tax Department has introduced a user-friendly tool for taxpayers to compare taxes under the New Tax Regime for the financial years 2024-25 and 2025-26 (post budget ...

About 83.9 million Indians have filed income tax returns (ITRs) for financial year 2023-24 (FY24) as of December 2024. Of these, only 28.2 million (or 34%) paid tax, while the remaining 55.7 ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...

New Income Tax Bill 2025 - Will the new Income Tax Bill bring relief for taxpayers? Checkout the new tax bill to know the transparency in tax laws, experts view & all other tax related information on ...

The Bombay High Court set aside the CBDT order rejecting the condonation of a 1585-day delay in filing a revised income tax return by Bharat Education Society for AY 2015-16. The court found ...

According to the CBDT, the bill will, in a way, be a new direct tax code and will be a comprehensive document. “Over a period of time, a lot of redundancies have crept into the Income Tax Act, 1961.

As per the data released by the Central Board of Direct Taxes (CBDT), mop up from net non-corporate taxes, which include mainly personal income tax, grew 21 per cent year-on-year to about Rs 9.48 lakh ...

New York state has nine income tax rates, ranging from 4% to 10.9%. Tax credits and deductions, filing status and residency status can influence what you pay. Many, or all, of the products ...