Income-Tax Bill 2025: How provisions, sections for senior citizens have been covered under the new bill
In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs ...
TDS to capital gains tax: What impact new tax Bill will have on NRIs
“NRIs shall still continue to face a 20 per cent tax on dividend and interest income from Indian companies, with a reduced 10 ...
Union Budget 2025 Decoded: AI-Based I-T Assessments, ITRs Processed In Real-Time
Earlier, the penalty was anywhere between Rs 10,000 and Rs 1 lakh,” said income tax matters expert and CA Manish Dafria on ...
Income Tax Bill 2025: Key changes every taxpayer needs to know; check details
The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget ...
New Income Tax Bill 2025: What changes, what remains, and how it may impact taxpayers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...
India’s Income Tax Bill sets the stage for significant reforms
It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...
Opinion
India’s new income tax bill: It’s more concise and makes for a friendly tax law
The Income Tax Bill 2025 is a big step forward in making India’s tax system friendlier but there are areas that need review. Constructive stakeholder consultations will be key to refine its provisions ...
VIEW |New Income Tax Bill: A deep dive into the reforms
The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the Parliament on February 13, 2025, which is guided by the following core ...
Indiatimes18h
Income Tax Calculator FY 2024-25
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...