Income Tax, bill

Are you required to choose the New Tax Regime once more in the 2025 Income-Tax Bill? What's the scope for Old Tax Regime
Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the upcoming Income Tax Bill 2025. The current regulations for selecting a tax regime will remain unchanged in the new bill.
What’s new in the Income Tax Bill, 2025
The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining continuity in most aspects. There are no major tweaks in penalty or compliance provi
New Income Tax bill focuses simpler rules; makes no structural changes
The new Income Tax Bill is more about consolidation of scattered tax provisions, simplification and elimination of redundant laws than about rate ir
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.
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, set to replace 1961 Act from Apr 2026
The Income Tax Bill, 2025, which is expected to be tabled in Parliament soon, will come into effect from April 1, 2026, replacing the Income Tax Act, 1961, Business Standard.
Income Tax Bill 2025: Key changes every taxpayer needs to know; check details
The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget 2025, to provide tax certainty for taxpayers.
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Old Vs. New Tax Regime: Which One Should You Choose?
How To Opt for Old Tax Regime Currently, a taxpayer with income from a business or profession is required to file Form 10IE to opt for the new tax regime. This form was introduced in ...
Tax yr, crypto, salary deductions: What you should know about New Tax Bill
The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...
New Income Tax Bill 2025 to be tabled at 2 PM today: Key tax-related changes to expect
The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...
Income Tax Budget 2025 Highlights: Who is likely to benefit most from FM Nirmala Sitharaman's tax slab change?
Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...
These Sec 80C options can be good investments even without tax breaks in new tax regime
Though these deductions find no place in the new tax regime, heres why some investments still deserve a place in your ...