Income Tax Bill 2025: Changes under the new bill that taxpayers must know. Check FAQs
The Simplified Income Tax Bill 2025, introduced by Finance Minister Nirmala Sitharaman, will replace the outdated Income Tax ...
Are you required to choose the New Tax Regime once more in the 2025 Income-Tax Bill? What's the scope for Old Tax Regime
Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...
Taxpayers leaving thousands of dollars on the table at tax time: expert
Taxpayers preparing to file the 2024 tax returns should ensure they're claiming the tax credits and deductions they're eligible for and consult with a tax professional.
New Income Tax Bill 2025: What changes, what remains, and how it may impact taxpayers
One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...
Expert warns people most likely to make 5 major tax mistakes
Tax expert Tom Minnikin highlighted the top five tax mistakes Gen Z are most likely to make, with a range of consequences.
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FM Nirmala Sitharaman tables new Income Tax Bill in LS
Union Finance Minister Nirmala Sitharaman on Thursday introduced the new Income Tax Bill in Lok Sabha.  After presenting the ...
Tax deductions and credits may boost your refund. Which ones are available to new filers?
If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.
FM Sitharaman tables new Income Tax bill in Lok Sabha, virtual assets like crypto defined under income from other sources
The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and ...
Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.
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What Is The New Income Tax Bill 2025? Explained
The aim is to ensure that the tax system remains stable, predictable, and less burdensome for individuals and businesses ... Check the table below for the key features in detail.