The new income-tax bill will replace the existing six-decade old Income-tax Act. The bill aims to simplify the language 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 ...

India Inc. gears up for consumption recovery post-Budget push, interest rate cut, signaling potential for private investment ...

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 RBI has pegged its real GDP growth forecast for FY26 at 6.7% compared with the Economic Survey’s estimate of 6.3% to 6.8% ...

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

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 ...

Sitharaman had announced an income tax reform, allowing zero income tax for those earning up to ₹12 lakh. The RBI then announced a 25 bps repo rate cut ...

Finance Minister Nirmala Sitharaman said both the government and the Reserve Bank of India will continue to work in a ...

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

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

The new bill received approval from the Union Cabinet, chaired by PM Modi, on Friday. After introduction in the Upper House, ...