New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained

Show Business and Finance Publications

Sun, February 9, 2025

[ Sun, Feb 09th 2025 ]: Forbes

Nine Guiding Principles For A U.S. Sovereign Wealth Fund

[ Sun, Feb 09th 2025 ]: MSN

Intel and Pfizer in Ireland show business is about more than Trump trade wars

[ Sun, Feb 09th 2025 ]: Dawn

Targeting The Net Zero Equation

[ Sun, Feb 09th 2025 ]: AOL

What happened to Nissan? And what happens next if a Honda merger is truly dead?

[ Sun, Feb 09th 2025 ]: MSN

Midstate businesses boom ahead of winter storm, big game

[ Sun, Feb 09th 2025 ]: MSN

'Devastating and unexpected': 400+ let go as GM ends business with Jack Cooper

[ Sun, Feb 09th 2025 ]: MSN

Coinbase stock forecast: are COIN and CONY buys into earnings

Sat, February 8, 2025

[ Sat, Feb 08th 2025 ]: Yahoo

Released Thai hostages return to Bangkok after being held for over a year in Gaza

[ Sat, Feb 08th 2025 ]: Forbes

Smart Financial Decisions Made Simple

[ Sat, Feb 08th 2025 ]: AOL

Challenges to Illinois' pending interchange law continue to play out in court

[ Sat, Feb 08th 2025 ]: businessday

Top 5 African countries at risk of losing the most skilled professionals

[ Sat, Feb 08th 2025 ]: Forbes

CFPB's X Account Goes Dark As Russell Vought Takes Over, Elon Musk Posts 'CFPB RIP'

[ Sat, Feb 08th 2025 ]: Kiplinger

Ten IRS Audit Red Flags for Self-Employed Individuals

[ Sat, Feb 08th 2025 ]: Reuters

Uber shares jump to three-month high after Bill Ackman builds $2 billion stake

[ Sat, Feb 08th 2025 ]: TechCrunch

European AI startups raised $8B in 2024

[ Sat, Feb 08th 2025 ]: Reuters

US drillers add oil and gas rigs for second week in a row, Baker Hughes says

[ Sat, Feb 08th 2025 ]: Reuters

TB, malaria, newborn health services must restart, says USAID memo

[ Sat, Feb 08th 2025 ]: AOL

Team Trump's fight to convince Wall Street that Musk's DOGE is good for markets

[ Sat, Feb 08th 2025 ]: TechCrunch

Pinterest lists DEI attacks as possible business risk in latest filing

[ Sat, Feb 08th 2025 ]: Forbes

Trump Shields Disinformation And Censors Health Data. It Will Affect You

[ Sat, Feb 08th 2025 ]: Kiplinger

Where to Retire: Living in the Dominican Republic

[ Sat, Feb 08th 2025 ]: Forbes

Tech Guardrails: Combating Rising Defaults In E&S Insurance

[ Sat, Feb 08th 2025 ]: MSN

Lynchburg finance committee chair's proposal stirs controversy

[ Sat, Feb 08th 2025 ]: techUK

AI Action Summit: Day 1

[ Sat, Feb 08th 2025 ]: MSN

Business Lookahead: Trump's tariff flip flops

[ Sat, Feb 08th 2025 ]: MSN

The Week That Was: February 7, 2025

[ Sat, Feb 08th 2025 ]: MSN

Kazakhstan introduces New Visa Options for Skilled Professionals, Digital Nomads

[ Sat, Feb 08th 2025 ]: Time

What Whiplash U.S. Climate Policy Means for Business

Fri, February 7, 2025

[ Fri, Feb 07th 2025 ]: BellaNaija

Empowering Women, Transforming Economies: The Shecluded Impact

[ Fri, Feb 07th 2025 ]: Reuters

Britain's struggling low-income shoppers challenge growth agenda

[ Fri, Feb 07th 2025 ]: canton

Student Entrepreneurs from Six Colleges Collaborate at First-Ever North Country Launch Day

[ Fri, Feb 07th 2025 ]: CRN

30 Notable IT Executive Moves: January 2025

[ Fri, Feb 07th 2025 ]: Forbes

From Legacy Systems To Cloud ERP: Shaping The Future Of Regional Telecom

[ Fri, Feb 07th 2025 ]: CNET

Was Your Personal Data Exposed in the Grubhub Data Breach? Here's How to Protect Yourself

[ Fri, Feb 07th 2025 ]: Kiplinger

January Jobs Report Keeps Rates on Pause: What the Experts Are Saying

[ Fri, Feb 07th 2025 ]: Reuters

JPMorgan appoints co-heads of commercial banking Sable and Smith

[ Fri, Feb 07th 2025 ]: Forbes

Trump's Tariffs: Four Things Small Businesses Can Do Now To Survive

[ Fri, Feb 07th 2025 ]: Reuters

Danske Bank shares up 7% on earnings beat, dividend

[ Fri, Feb 07th 2025 ]: Forbes

Technology And 10-Year Notes: When Fintech And Finance Meet

[ Fri, Feb 07th 2025 ]: Forbes

Building Financial Models For Predictable Franchi .. n: A CFO's Perspective On Scaling With Confidence

[ Fri, Feb 07th 2025 ]: Fortune

Fortune 500 auto parts supplier Lear looks to slash some 15,000 jobs this year globally

[ Fri, Feb 07th 2025 ]: MSN

Ladder Capital Corp (NYSE:LADR) Q4 2024 Earnings Call Transcript

[ Fri, Feb 07th 2025 ]: MSN

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) Q4 2024 Earnings Call Transcript

[ Fri, Feb 07th 2025 ]: cnbctv18

L&T Finance ventures into gold loan business with ?537 crore acquisition of Paul Merchants Finance

[ Fri, Feb 07th 2025 ]: Reuters

Health Rounds: Vaccine keeps advanced kidney cancer from recurring

[ Fri, Feb 07th 2025 ]: MSN

Intercontinental Exchange, Inc. (NYSE:ICE) Q4 2024 Earnings Call Transcript

[ Fri, Feb 07th 2025 ]: Politico

Will deportations end the jobs report caravan?

[ Fri, Feb 07th 2025 ]: MSN

CleanSpark, Inc. (NASDAQ:CLSK) Q1 2025 Earnings Call Transcript

New Income Tax Bill cleared by Cabinet: What is the New Income Tax Bill & why is it being introduced? Explained

//business-finance.news-articles.net/content/202 .. x-bill-why-is-it-being-introduced-explained.html

Published in Business and Finance on Saturday, February 8th 2025 at 10:20 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

The Union Cabinet has approved the New Income Tax Bill, which aims to replace the 1961 Act by simplifying direct tax legislation. This proposed bill, featuring clearer language and concise sentences,

2025-02-08 231 x 130 / 7628 Bytes

The Indian Cabinet has approved the introduction of the New Income Tax Bill, aimed at simplifying the tax structure and promoting economic growth. This bill seeks to replace the existing Income Tax Act of 1961 with a more streamlined and contemporary framework. Key features include a reduction in tax slabs, an increase in the basic exemption limit, and the introduction of a new tax regime where individuals can opt for lower tax rates without exemptions and deductions. The new legislation also focuses on reducing litigation by clarifying ambiguous sections of the old law, enhancing taxpayer services, and leveraging technology for better compliance and administration. The bill is part of broader economic reforms to make the tax system more transparent, efficient, and taxpayer-friendly, thereby encouraging investment and consumption.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/economy/new-income-tax-bill-cleared-by-cabinet-what-is-the-new-income-tax-bill-why-is-it-being-introduced-explained/ar-AA1yBE6p ]