The proposed Income Tax Act 2025 marks a significant shift toward a more streamlined and user-friendly tax regime. By consolidating provisions and reducing complexity, the new Bill aims to modernize India’s fiscal framework. In an article published in Outlook Money, our Partner (Head – Taxation) S R Patnaik highlights how these reforms specifically simpler Cost-to-Company (CTC) structures could lead to higher take-home pay for employees and enhanced compliance for organizations. (Photo Credit: Outlook Money)
