Union Cabinet approves new income tax bill; new bill seeks to make direct tax law simple to understand and not to impose any ...
During her Budget 2025 speech, Nirmala Sitharaman announced that those with salaries up to ₹12 lakh per annum will pay nil ...
The new legislation, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, ...
The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...
FM Sitharaman had first announced a comprehensive review of the Income-tax Act, 1961 in July 2024 Budget.