New Tax Laws For 2025 Tax Season. Stay ahead with these essential. Several significant changes to the income tax act have been introduced vide finance act 2024, which will impact the taxpayer's income tax return (itr) filing in 2025 as follows based on an.
(b) income tax act there is different rate of tax in case of foreign companies and for domestic company we have different rate of tax but in direct tax act 2025 the rate of. Provinces have their own provincial income tax brackets, but for 2025 the federal thresholds will now be: