https://www.taxtmi.com/news?id=33773 Income Tax Bill, 2025 consolidates and simplifies income tax law without creating new taxes, retains both old and new individual tax regimes, introduces the tax year concept replacing 'previous year' and 'assessment year', moves non taxable income into schedules, tabulates salary deductions in one place, replaces explanations and provisos with tables and formulae, includes a Taxpayer's Charter, and provides special capital gains computation rules for market linked debentures. en-us Wed, 12 Feb 2025 17:01:03 +0530 Thu, 13 Feb 2025 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33773 Income Tax Bill, 2025 consolidates and simplifies income tax law without creating new taxes, retains both old and new individual tax regimes, introduces the tax year concept replacing 'previous year' and 'assessment year', moves non taxable income into schedules, tabulates salary deductions in one place, replaces explanations and provisos with tables and formulae, includes a Taxpayer's Charter, and provides special capital gains computation rules for market linked debentures. News - Wed, 12 Feb 2025 17:01:03 +0530 https://www.taxtmi.com/news?id=33773