The Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill, sources said. Sources said the new ...

The Union Cabinet approved a new income tax bill that will replace the six-decade-old Income Tax Act, as reported by PTI. This legislation is set to be introduced in Parliament next week and will ...

During her Budget 2025 speech, Nirmala Sitharaman announced that those with salaries up to ₹12 lakh per annum will pay nil income tax.

Union Cabinet approves new income tax bill; new bill seeks to make direct tax law simple to understand and not to impose any ...

The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax ...

The new legislation, which is often referred to as the Direct Tax Code, is aimed at overhauling the existing tax structure, ...

Income tax law was enacted about 60 years ago in 1961 and since then a lot of changes have taken place in the society, in the ...

As the government hopes for the start of a virtuous cycle of economic growth, some see the present path as a marriage of sound economics and good politics ...

Finance Minister Nirmala Sitharaman has clarified that the Prime Minister Internship Scheme is designed to provide exposure and skill development opportunities to the youth, rather than direct ...