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

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

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

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

Digital economy taxation is another major update — while the DTC lacked specific provisions, the new bill introduces taxation ...

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 ...

A surge in support to end the freeze and raise the lowest rate from £12,570 to £20,000 will be considered for a Westminster ...

The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...

After the Union Cabinet chaired by Prime Minister Narendra Modi approved the new Income Tax bill last week, it is expected to ...

The Income Tax Bill, 2025 defines 'online game' as any game offered on the internet and accessible through a computer or ...