fringe benefit tax

Income Tax Bill 2025: I-T department launches self-mapping tool to compare old act, new bill

by
Income Tax Bill 2025: I-T department launches self-mapping tool to compare old act, new bill

Income Tax Bill 2025 was introduced in a bid to simplify the tax filing process by reducing provisions and acts. Taxpayers can now compare the sections of the Income Tax Act, 1961 with the corresponding clauses in the simplified I-T Bill, 2025, on the Income Tax department portal. The Income Tax Department has made available … Read more

Net direct tax collection sees growth of 16.45% to Rs 15.82 lakh crore till Dec 17

by
Net direct tax collection sees growth of 16.45% to Rs 15.82 lakh crore till Dec 17

Net direct tax collection saw a significant increase of 16.45% year-on-year, reaching a total of over Rs 15.82 lakh crore by December 17 of the current fiscal year, as per the recent government data. The growth was largely driven by a higher advance tax collection, which rose by 21% to Rs 7.56 lakh crore during … Read more