New Income Tax Bill Explained

Here's How India's New Income Tax Bill Affects NRIs And Their Foreign Income

NRI tax | Feb 13, 2025

If an NRI stays for 120 or more days and earns ₹15 lakh or more in India, they will be taxed as a Resident.

New Income Tax Bill: Deductions Available For Salary Earners

new income tax bill | Feb 12, 2025

The gratuity received under the Payment of Gratuity Act, 1972, on retirement, incapacity, or death will be e..

What Are the Refund Rules Proposed By New Income Tax Bill?

Income tax bill | Feb 12, 2025

The New Income Tax Bill 2025, set to replace the existing Income-tax Act, 1961, proposes significant changes to the refund process, a..

The New Income Tax Bill To Replace The Decades-Old Income Tax Act Of 1961?

Income Tax Bill 2025 | Feb 12, 2025

Perhaps one of the most notable changes is the abolition of the confusing Previous Year and Assessment Year concept.

Income From House Property: New Income Tax Bill 2025 Explained

Income tax from house property | Feb 12, 2025

With the new relief in house property tax, the owners can now take the annual value as nil if they are not residing in the self-occup..