News

The Union Cabinet approved the new income tax bill on Friday, replacing the six-decade-old Income Tax Act, according to sources.

Union Cabinet Clears New Income Tax Bill

The new income tax bill 2025 will include a unique feature that would eliminate the need to wait for the budget for income tax reliefs or change the Income Tax Act,

New Income Tax Bill might remove need for Budget for Tax Relief; says report

The Union Cabinet is expected to approve the New Income Tax Bill on February 7, 2025, possibly leading to its introduction in the Lok Sabha on February 10 during the ongoing Budget Session.

New Income Tax Bill may get Cabinet Approval Today: Here's What You Need to Know?

Articles

Budget 2025 made various changes to the direct taxation. Now business entities can pay zero tax on turnover of up to Rs.2 Crores.

Zero Tax on Business Turnover of up to Rs.2 Crores

This article discusses an important benefit provided by the income tax, which is rebate u/s 87A of the income tax Act.

Income Tax Rebate under Old and New Tax Regime for FY 2025-26

Tax slab revised under new tax regime reduce the tax liability of the taxpayers; so rental income will have zero tax payment.

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Union Cabinet Clears New Income Tax Bill

New Income Tax Bill might remove need for Budget for Tax Relief; says report

New Income Tax Bill may get Cabinet Approval Today: Here's What You Need to Know?

Zero Tax on Business Turnover of up to Rs.2 Crores

Income Tax Rebate under Old and New Tax Regime for FY 2025-26

Zero Tax on Rental Income of Rs.17 Lakh