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    Tag: INCOME TAX BILL

    New Income Tax Act, 2025 to Replace 1961 Law from April 1, 2026: FM Sitharaman Announces Major Tax Reform
    New Income Tax Act, 2025 to Replace 1961 Law from April 1, 2026: FM Sitharaman Announces Major Tax Reform
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    India’s New Income Tax Rules Effective From April 1, 2026: Full Breakdown for Taxpayers

    India will implement its new Income Tax framework from April 1, 2026, replacing the 1961 law to simplify provisions and modernise compliance. Announced by Finance Minister Nirmala Sitharaman, the overhaul aims to align taxation with India’s evolving economic landscape.

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    New Income Tax Bill 2025: Key Changes, Revised Tax Slabs, and Old vs. New Regime Explained
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    New Income Tax Bill 2025: Key Changes, Revised Tax Slabs, and Old vs. New Regime Explained

    The much-anticipated Income Tax Bill 2025 is set to be introduced in the Lok Sabha on February 13, 2025. This landmark legislation aims to simplify and modernize India’s tax system, replacing the Income Tax Act of 1961, which has undergone multiple amendments over six decades.

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