The number of income tax return (ITR) filings in India has increased over the past five years, with state-wise and year-wise data highlighting the trend. A significant portion of these filings result ...

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.

New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

Nirmala Sitharaman's new Income Tax Bill takes effect in April 2026. Can taxpayers still opt for the old tax regime in FY26? Find out what experts say.

No major tax policy changes to ensure continuity and certainty. 3. No modifications of tax rates, preserving predictability ...

Here’s a table showing a comparison of old vs new regime with the income level and deductions. If you have deductions more ...

The Union Cabinet last week cleared the new Income Tax bill. Sitharaman had indicated earlier that the bill will be sent to a ...

The new Income Tax Bill 2025, which is likely to be tabled in the Parliament on February 13, aims to simplify the terminology ...

India's finance ministry has proposed extending the deadline for updated tax returns from two to four years to encourage ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

The proposed bill does not change tax rates. Instead, it focuses on three key improvements: simplifying language for better ...