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 ...

FM Sitharaman had first announced a comprehensive review of the Income-tax Act, 1961 in July 2024 Budget.

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, ...

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 ...

Discover how income tax changes from Rs 0 on Rs 12 lakh earnings to Rs 61,500 on Rs 12.1 lakh, with a breakdown of tax rates and amounts.

The labour ministry plans to “soon” seek the Cabinet’s nod for a pension scheme for gig workers employed with online ...

The message from India’s Budget 2025 was subtle, yet clear: the middle-income class has to spend more to boost corporate ...

The labour ministry is seeking approval for a pension scheme for one crore gig workers engaged with online platforms. The ...

This platform, proposed on the lines of UPI, will aid in moving towards the shift to digitisation of complete trade ...