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

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

As the Delhi Assembly Election results unfold, the impact of Nirmala Sitharaman’s recent tax cuts is under scrutiny. Did the BJP’s focus on the middle class alter voter preferences in a city where ...

The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget.

Delhi, Bihar and the states going to the polls next year have been tough grounds for the BJP, barring Assam where it had two ...

Finance Minister expects consumption recovery, while RBI Governor monitors rupee depreciation impact on inflation and ...

The Union Cabinet, led by Prime Minister Narendra Modi, has approved a new Income Tax Bill set to replace the existing Income Tax Act of 1961. The bill is expected to be introduced in Parliament next ...

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 announced the introduction of a new income tax bill in the Lok Sabha next week, replacing ...

The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in ...

Income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in ...