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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?

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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.

Zero Tax on Rental Income of Rs.17 Lakh

The new direct tax code, also known as the new income tax bill, may receive cabinet approval on Friday, February 7, according to sources.

New Income Tax Bill may be approved by Cabinet tomorrow; says Report

FM has proposed a revised tax slab under new tax regime that intends to decrease the tax burden. Now Pay “Zero” Tax on Professional Receipts of up to Rs.24 Lakhs.

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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

New Income Tax Bill may be approved by Cabinet tomorrow; says Report

Pay “Zero” Tax on Professional Receipts of up to Rs.24 Lakhs