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Source: Live Mint Union Minister Finance Minister Nirmala Sitharaman presented the new Income Tax Bill 2025 in the Lok Sabha on Thursday, February 2025. The proposed bill aims to eliminate intricate language in the existing Act, remove redundant and repetitive provisions, and logically reorganise sections, according to the Finance Ministry. FM Nirmala Sitharaman urged Lok…
Source: Live Mint With Budget 2025 behind us, the focus now shifts to the next market trigger—the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, scheduled for February 5-7. The Union Budget 2024 offered a big relief to the Indian middle class by tweaking tax rates. Finance Minister Nirmala Sitharaman announced making income up…
Source: Live Mint The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system, providing relief to the harried middle-class salaried taxpayer. But does this necessarily mean better savings for taxpayers? Or does it merely mark a shift away from traditional deductions, which the old…
