Explains how the new tax code replaces the 1961 Act with simpler rules and fewer exemptions. The key takeaway is a clearer, taxpayer-centric framework effective from April ...

The Income Tax Act, 2025 will come into force from April 1, Finance Minister Nirmala Sitharaman said. It will replace the six ...

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. Members of Elon Musk's Department of Government ...

There was not much for the people to cheer about on the direct tax front, but then a lot has already been done ...

Income Tax Slab, Budget 2025 LIVE Updates: Finance Minister Nirmala Sitharaman on Saturday said that she would introduce New Income tax bill next week. She added that she would update on indirect ...

While large scale changes in tax rates are unlikely, the markets will look at some smart tweaking of tax rates ...

The release was not spontaneous, nor was it a leak, as the IRS had already been considering releasing the code as a way to demonstrate a commitment to public trust and enable independent assessment of ...