Tag: Income tax updates
New Income Tax Bill 2025 to Replace Income Tax Act-1961
The Union Cabinet has recently given the green light to a groundbreaking new Income Tax Bill in 2025, poised to replace the long-standing Income Tax Act of 1961. This significant move aims to revolutionize...
Government Proposes Income Tax Relief with Raised Threshold and Restructured Slabs
NEW DELHI: The government is considering a proposal for income tax relief in the upcoming Budget, aiming to raise the threshold and restructure tax slabs without introducing concessions in the new tax regime. Analysts...