EXCLUSIVE: FM Nirmala Sitharaman Says New Income Tax Laws To Simplify Filing
Finance Minister Nirmala Sitharaman gives more details of one of the most anticipated laws of our times – the new Income Tax Bill which is to be tabled in Parliament in the next few days. Speaking about the new legislation in her exclusive appearance at the India Today-Business Today Budget Round Table 2025,
New income tax Bill to be introduced in Parliament next week, says Nirmala Sitharaman
The proposed new income tax law follows from the earlier Budget announcement for 2024-25. In July 2024, Sitharaman had announced a comprehensive review of the Income-tax Act, 1961 to be completed in six months.
Budget 2025: New Income Tax bill will be clear and direct, says Nirmala Sitharaman. What does this mean?
New Income Tax Slabs in Budget 2025: During her presentation of the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman announced the introduction of a new Income Tax Bill, which aims to simplify and clarify the existing tax framework. “New Income Tax bill will be clear and direct”, FM Sitharaman said.
1 crore more people will pay no income tax due to rebate hike: Nirmala Sitharaman
The 2025-26 Budget hikes the tax rebate available to individual taxpayer to Rs 12 lakh from next fiscal, from Rs 7 lakh currently.
New Income-Tax bill to carry forward spirit of ‘Nyaya’, says Nirmala Sitharaman
While presenting the Union Budget in Parliament on Friday, Sitharaman urged Income Tax department officials to "trust first and scrutinise later."
Budget 2025: No income tax on annual income upto Rs 12 lakh, says FM Nirmala Sitharaman
Additionally, Sitharaman introduced revisions to income tax slabs to make taxation more progressive. Individuals earning up to Rs 25 lakh will now benefit from tax savings of up to Rs 1.1 lakh. With the inclusion of the standard deduction,
Budget 2025 LIVE updates: Nirmala Sitharaman will introduce Income Tax bill next week, no income tax up to ₹12 lakh
Union Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025, at 11 am. FM Nirmala Sitharaman will also announce the second full-fledged budget of the Narendra Modi-led NDA government formed in 2024.
Income Tax slab: BIG announcement by FM Nirmala Sitharaman
Reports suggest that there could be a relaxation on income tax for individuals, especially those earning up to Rs 15 lakh.
Nirmala Sitharaman says PM Modi threw his weight behind income tax cuts but it needed more work to convince officials
Finance Minister Nirmala Sitharaman said it required more work to convince the bureaucrats about the efficiency in collecting tax
LIVE & Exclusive | FM Nirmala Sitharaman At The IT-BT Post Budget Round Table
Join us for an exclusive discussion with Finance Minister Nirmala Sitharaman on the key takeaways from the 2025 Union Budget. The Budget has been hailed as a game-changer and one of the most radical in the past years.
Union Budget: Nirmala Sitharaman shares reason behind increasing tax exemptionto Rs. 12 lakh
Union Finance Minister Nirmala Sitharaman has explained the reason behind increasing tax exemption to Rs. 12 lakh and said her government wanted to recognise the honest taxpayer and extend support to the middle class.
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