Nirmala Sitharaman Unveils New Tax Regime: Key Changes for Taxpayers
The Income Tax (No. 2) Bill, 2025, passed by the Lok Sabha, is set to overhaul the existing tax system for individuals and families in India. Spearheaded by Union Finance Minister Nirmala Sitharaman, this new legislation will replace the Income Tax Act, 1961, and come into effect on April 1, 2026. The key highlight is … Read more