During her Budget 2025 speech, Nirmala Sitharaman announced that those with salaries up to ₹12 lakh per annum will pay nil income tax.

The Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill, sources said. Sources said the new ...

The Union Cabinet on Friday approved the new income tax bill, which will replace the six decades old I-T Act, sources said.

Union Cabinet approves new income tax bill; new bill seeks to make direct tax law simple to understand and not to impose any ...

The new legislation, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, ...

As the government hopes for the start of a virtuous cycle of economic growth, some see the present path as a marriage of sound economics and good politics ...

The law, which is expected to be tabled in Parliament in the Budget session, will go to the Standing Committee on Finance for ...

Populism has always been an integral part of the Union Budget. After the Narendra Modi government came to power in 2014, ...

India's new Income Tax law aims to simplify tax laws, reduce litigation, and make it easier for taxpayers to understand their ...