Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
A Low Down on Simpler, Shorter, Crisper Income Tax Bill, 2025
The New Indian Express Mangaluru
|February 15, 2025
THE New Income Tax Bill 2025, which will replace the 1961 Act, is an attempt at simplifying the tax rules.
While the Bill is shorter and crispier, the language has been simplified.
The Bill has nearly halved the sections (819 to 536), and the number of chapters to 23 from 47. In terms of word count, the reduction is nearly 50% to 2.6 lakh words from 5.12 lakh running into 622 pages, down from 1,647 pages. Another key change is doing away with the 1,200 provisos and the 900 explanations - each change in taxation laws have been passed by Parliament and become part of existing Act - in the new Bill presented in the Lower House on Thursday.
Here are some of the important changes that may affect the common taxpayers:
Salaried class
Dit verhaal komt uit de February 15, 2025-editie van The New Indian Express Mangaluru.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The New Indian Express Mangaluru
The New Indian Express Mangaluru
READYING SMALL INC FOR SCALE
WHEN the four new labour codes came into force on No- vember 21, India proudly turned a page in its industrial story to a chapter written for a modern workforce and a grow- ing economy
3 mins
November 27, 2025
The New Indian Express Mangaluru
Setback to global HIV response due to fund cuts
THE global response to HIV has suffered its most significant setback in decades, warns a new UNAIDS report released ahead of World AIDS Day 2025.
2 mins
November 27, 2025
The New Indian Express Mangaluru
CJI says will 'consider' petition to revive NJAC, end collegium system
THE Supreme Court on Wednesday said that it will consider a plea to revive the National Judicial Appointments Commission (NJAC) to replace the current collegium system for appointment of judges in the higher judiciary.
1 mins
November 27, 2025
The New Indian Express Mangaluru
Constitution a guiding vision for India's rise, says Prez
PRESIDENT Droupadi Murmu and Vice-President C P Radhakrishnan reminded the nation on Constitution Day on Wednesday that India's democratic spirit, rooted in its people and its Constitution, continues to guide the country's ambitious journey toward becoming a developed nation.
1 mins
November 27, 2025
The New Indian Express Mangaluru
MELBOURNE CRICKET CLUB opens an exhibition dedicated to Shane Warne!
Tourists planning to add this destination to their itinerary can book a general admission ticket for the Australian Sports Museum in advance...
1 min
November 27, 2025
The New Indian Express Mangaluru
'Constitution Day must be celebrated in schools': Modi hails right to vote
PRIME Minister Narendra Modi on Wednesday underscored the responsibility of strengthening India's democracy by exercising the right to vote, saying that Constitution Day should also be observed in schools and colleges by celebrating young people turning 18.
1 min
November 27, 2025
The New Indian Express Mangaluru
Kharif season: Record production of rice, but oilseeds & pulse output down
THE agriculture ministry said the country's rice production during the kharif season that ended in October reached a record 124.
1 mins
November 27, 2025
The New Indian Express Mangaluru
Rahul says will uphold federalism, 'won't allow attack on Constitution'
ON the 76th Constitution Day, several Opposition parties including Congress, Trinamool Congress (TMC) and DMK, reaffirmed their resolve to protect the Constitution and uphold federalism.
1 min
November 27, 2025
The New Indian Express Mangaluru
India trashes Pak's Ram temple swipe
INDIA on Wednesday strongly rejected Pakistan's criticism of Prime Minister Narendra Modi's participation in a ceremony at the Ram temple in Ayodhya, asserting that Islamabad, with its \"deeply stained record\" on minority rights, lacks the \"moral standing to lecture others.
1 mins
November 27, 2025
The New Indian Express Mangaluru
ASI firms up framework to end excavation delays
LEARNING from years of stalled excavations and delayed reports, the Archaeological Survey of India (ASI) is preparing a structured framework to ensure that major archaeological projects no longer hinge on individual officers or collapse when they are transferred or retire.
2 mins
November 26, 2025
Listen
Translate
Change font size