New Income Tax Bill: FM Nirmala Sitharaman to introduce I-T Bill 2025 in Parliament on Thursday
Finance Minister Nirmala Sitharaman is set to introduce the Income Tax Bill 2025 in the Lok Sabha on Thursday, February 13. Once enacted, the the law will replace the six-decade old Income Tax Act 1961.
New Income Tax Bill 2025 to propose no tweaking between old, new tax regimes every tax year; here's what it means for taxpayers
The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent years unless specific criteria are breached. In this framework, taxpayers must forego some deductions and exemptions in return for a reduced tax rate under the New Tax Regime.
Simplified Income Tax Bill 2025: Key Changes && Impact
India's new Income Tax Bill aims to simplify tax laws, reduce litigation, and improve compliance by eliminating obsolete sections. Experts weigh in on the key changes.
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
New Income Tax Bill 2025 To Introduce ‘Tax Year’: Know Key Details
The New Income Tax Bill, 2025, proposed by the Ministry of Finance to introduce the concept of a 'Tax Year' to replace the existing 'Assessment Year' and 'Previous Year.’ from the Income Tax Act, of 1961.
All You Need To Know About The New Income-Tax Bill: Big Changes, New Vs Old Regime And Penalties
The government is set to introduce the Income-Tax Bill, 2025, a comprehensive revamp of India's tax laws, replacing the Income-Tax Act, 1961. The new legislation, scheduled to come into effect from April 1,
New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime and more answered
Amid the new Income Tax Bill 2025, we answer some FAQs on tax slabs, old vs new regime, the new income tax rules, exemption limits and more.
New Income Tax Bill 2025: What are expected changes and how will they affect you?
The government is expected to introduce the Income Tax Bill 2025 on February 13, aiming to simplify tax laws and enhance compliance.
10 takeaways in new Income Tax Bill for taxpayers: Tax year, TDS compliance, number of sections and more
The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many taxpayers are worried about how the new income tax bill can impact them. Here are 10 things from the new income tax bill that will impact taxpayers.
Will I avoid the Social Security earnings limit by putting 85% of my income into my 401(k)?
I am going to reach the minimum retirement age of 62 in September. I plan on putting 85% of my income into my 401(k) plan.
Dividend Income: Lanny's January 2025 Summary
Pepsi is growing by a significant amount, due to buying more shares, dividend increases and dividend reinvestment. Click to ...
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Exclusive | New Income Tax Bill–No rate changes, only simplification of language: sources
The proposed Income Tax Bill, set to be introduced in Parliament, has now been formally circulated to its members. As per a ...
Bank of America expects record net interest income in 2025
Bank of America expects record net interest income in 2025, the head of its retail banking unit said on Tuesday.
Increased interest income: A blessing and a curse
Rising interest rates have been a double-edged sword. While they’ve been tough on borrowers, savers have seen a significant ...
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Bill from Montana Democrats would provide income tax credit for certain renters
Senate Bill 225, sponsored by State Sen. Shane Morigeau (D-Missoula) and introduced alongside nearly three dozen Democrats, ...
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How Do We Best Interpret Income Inequality?
Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an ...
Here's what it takes to be in the top 1% in your state — plus a few tips to help you reach a new income bracket in 2025
Accredited investors can become the landlord of Walmart, Whole Foods or Kroger — and benefit from regular distributions ...