India’s latest budget introduces one of the most significant tax cuts in decades, boosting disposable income & supporting ...
Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic ...
The Kentucky legislature passed House Bill 1, which reduces the state's individual income tax from 4% to 3.5%.
Income Tax Slabs FY 2025-25 New versus Old Income Tax Regime: Finance Minister Nirmala Sitharaman announced significant ...
The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...
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 ...
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, ...
Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week ...
After introduction in the Upper House, the bill, which was approved by the Union Cabinet chaired by PM Modi, will be sent to ...
Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the term “Assessment Year” with “Tax Year”, eliminating British era references ...
The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...