This guide breaks down India’s income tax system, including tax heads, old vs new regimes, and core principles like equity and ...

The new law replaces “Previous Year” and “Assessment Year” with one unified “Tax Year.” This simplifies return filing and reduces confusion for ...

The previous Income Tax Act was over 65 years old and had more than 800 sections. The new law reduces this to around 536 sections and removes many explanations and provisos that made the law ...

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.