Earlier on Friday, the Union Cabinet led by Prime Minister Narendra Modi had given the approval for the new Income Tax Bill.

The new Income Tax Bill, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, making it more streamlined and transparent.

Sitharaman had announced an income tax reform, allowing zero income tax for those earning up to ₹12 lakh. The RBI then ...

Finance Minister Nirmala Sitharaman on Saturday said she is likely going to table the new income tax bill in the Parliament ...

Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up ...

Finance Minister Nirmala Sitharaman highlighted India's resilience amidst global uncertainties and emphasized the need for ...

New Income Tax Slabs in Budget 2025: During her presentation of the Union Budget for 2025-26, Finance Minister Nirmala ...

The Union Budget 2025 announced that the Ministry of Finance will table the new Income Tax Bill in front of the Union Cabinet this week. Union Finance Minister Nirmala Sitharaman, in her annual ...

Budget 2025: Finance Minister Nirmala Sitharaman announced on Saturday, February 1, that a new Income Tax Bill, aimed at ...

While presenting the Union Budget in Parliament on Friday, Sitharaman urged Income Tax department officials to "trust first ...

Finance Minister Nirmala Sitharaman to introduce new income tax bill, replacing old I-T Act, after Cabinet approval.

The bill will again go to the Cabinet after the parliamentary committee gives its recommendations on it. After Cabinet ...