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  New Income Tax Bill: 23 chapters, 622 pages, 536 sections - Everything you need to know

  Business | February 12, 2025 13:46 IST

  New Income Tax Bill: The income tax department received 6,500 suggestions from stakeholders on the review of the Income Tax Act.

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  From reducing legal complexities to streamline compliance: How New Income Tax Bill to help taxpayers

  Business | February 11, 2025 18:05 IST

  FM Nirmala Sitharaman had last week said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week.

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  New Income Tax Bill likely to be introduced in Lok Sabha next week

  Business | February 08, 2025 16:24 IST

  The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

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  New Income Tax Bill gets Cabinet approval, likely to be introduced in Parliament next week: Sources

  February 08, 2025 0:01 IST

  In her Budget speech on July 23, 2024, Union Finance Minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act, 1961, within six months. The income tax department has received 6,500 suggestions from stakeholders on review of the Income Tax Act.

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  Income tax dept raids premises of Punjab Congress MLA Rana Gurjeet Singh

  India | February 06, 2025 22:15 IST

  Income Tax raid: Singh is an MLA from Kapurthala seat. He had remained a minister in the previous Congress government.

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  Income Tax alert: Cash transfers to wife may attract IT notice | Know the Rules

  February 06, 2025 8:50 IST

  Transferring money to your wife via UPI or cash? Know about the latest Income Tax Rules 2025 under Sections 269SS and 269T to avoid an IT notice. Find out the legal limit for cash transactions, tax-free gift rules, and the safest banking methods.

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  Income up to Rs 12 lakh is tax-free, but do you know the tax-exemption limit? Find out

  February 03, 2025 14:22 IST

  Finance Minister Nirmala Sitharaman had in July last year announced a comprehensive review of the Income-tax Act 1961.

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  NPS Vatsalya: Tax benefits to be available under Section 80CCD(1B)

  February 02, 2025 18:34 IST

  Under the NPS Vatsalya scheme, all minor citizens up to the age of 18 are eligible to open an account.

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  Budget 2025: PM Modi wanted to do something on tax relief, says Nirmala Sitharaman

  India | February 02, 2025 16:36 IST

  Finance Minister Nirmala Sitharaman said that the the tax proposal will allow people to have more money in their hands.

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  No income tax upto Rs 12 lakh: Social media sparks meme frenzy after Budget 2025

  Trending | February 02, 2025 13:04 IST

  Budget 2025 brings cheer to taxpayers! No income tax up to Rs 12 lakh sparks a meme fest on social media. Netizens rejoice and celebrate the tax relief with hilarious reactions.

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  Budget 2025: Only tax-free state in India where residents need not to pay Income Tax

  India | February 01, 2025 19:29 IST

  Income Tax in India is a direct tax levied by the Government of India on the income earned by individuals, businesses, and other entities. The tax is collected as per the provisions of the Income Tax Act, 1961, and administered by the Central Board of Direct Taxes under the Ministry of Finance.

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  Budget 2025: Will income tax slab change impact your take-home salary? 5 things employees must know

  Budget | February 01, 2025 17:40 IST

  Budget 2025: Employees earning up to Rs 13 lakh can now save income tax over and above the Rs 12 lakh income limit as there is a standard deduction of Rs 75,000 and a marginal relief of around 30,000.

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  Budget 2025: Income Tax and GST rates should be halved, says 'disappointed' Arvind Kejriwal

  India | February 01, 2025 23:56 IST

  The former Delhi Chief Minister said that a large portion of the public exchequer is spent on the loan waivers for billionaires, which he had sought to end.

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  Union Budget 2025 Full Speech: Nirmala Sitharaman's full address to the Lok Sabha on Budget 2025

  News | February 01, 2025 15:56 IST

  Budget 2025: Union Finance Minister Nirmala Sitharaman today presented the first full budget of the third term of the Modi government and her 8th budget.

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  From no Income Tax till Rs 12 lakh to Bihar Makhana Board, take a sneak peek into Budget

  India | February 01, 2025 14:30 IST

  Budget 2025: To provide relief to patients in Budget, particularly those suffering from cancer, rare diseases and other severe chronic diseases, Sitharaman proposed to add 36 lifesaving drugs and medicines to the list of medicines fully exempted from Basic Customs Duty.

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  Budget 2025: How much benefit will you get due to new Income Tax slabs? Explained

  Budget | February 01, 2025 16:01 IST

  Budget 2025, Income Tax Slabs: Finance Minister Nirmala Sitharaman said that slabs and rates are being changed across the board to benefit all tax-payers.

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  Budget 2025: Big Win for Middle Class as Sitharaman Announces No Income Tax Till Rs 12 Lakh

  News | February 01, 2025 12:34 IST

  In recognition of the significant contribution of the middle class to the economy, Finance Minister Nirmala Sitharaman stated, "We have consistently reduced tax burdens over time. I am pleased to announce that there will be no income tax on earnings up to Rs 12 lakhs."

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  Budget 2025: Limit for tax deduction for senior citizens to be doubled to Rs 1 lakh, says Sitharaman

  Budget | February 01, 2025 16:01 IST

  Budget 2025: 33,000 taxpayers availed Vivad Se Vishwas 2.0 scheme to settle direct tax disputes.

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  Budget 2025: Big win for taxpayers, no income tax till Rs 12 lakh, Sitharaman makes big announcement

  Budget | February 02, 2025 6:08 IST

  Budget 2025: Nirmala Sitharaman announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers especially the middle class. She said that the new income tax regime will be simpler, with a special focus on benefiting the middle class.

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  Good news for taxpayers: Changes will come up for income tax, KYC process will be easy, says govt

  Budget | February 01, 2025 13:35 IST

  Budget 2025: Union Finance Minister Nirmala Sitharaman said the new Income Tax Bill will simplify the current Income Tax law and make it comprehensible for the individual taxpayers. Moreover, the new Income Tax Bill will reduce the number of pages by about 60 per cent.