India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

Kentucky Gov. Andy Beshear signed a bill into law which will reduce the personal income tax for millions of Kentuckians.

Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into ...

A new bill proposed in the Georgia legislature aims to eliminate the state’s 5.49 percent income tax for college athletes on ...

Currently, the Income Tax Act refers to the year of earning taxable income as the ‘previous year’ and the year when the tax ...

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...

New income tax bill is believed to a historic bill since it will replace the current legislation, which was enacted way back ...

The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing ...

Aimed at overhauling the nation’s tax system, the Income Tax Bill 2025 seeks to eliminate obsolete sections that have ...

The Bill is expected to omit references to the old tax regime, officially making the new tax regime the default. However, ...

The Bill once enacted will replace six-decade old Income Tax Act 1961, which over the years became bulkier and complex with ...