New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok Sabha on Thursday. The I-T bill was announced during her Budget speech on February 1 and was approved by the Cabinet on February 7.

The new Income Tax Bill 2025 was tabled in the Lok Sabha on February 13, following which the Opposition MPs staged a walkout.

The current Income-tax Act was enacted in 1961 and came into existence with effect from April 1, 1962. It has been amended nearly 65 times with more than 4,000 amendments."

Finance Minister Nirmala Sitharaman will introduce the new Income-Tax Bill 2025 in the Lok Sabha today on February 13. The Bill aims to consolidate and amend the taxation laws of the country.

Finance Minister Nirmala Sitharaman has introduced the new income tax in Parliament today. The new Income Tax Bill will replace the Income Tax Act of 1961. The new tax bill is being brought to simplify the tax laws and remove obsolete and redundant laws.

This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman, seeks to replace the existing Income Tax Act, 1961 and introduce changes that affect different categories of taxpayers, including individuals, businesses, and non-profit organizations.

Union Finance Minister Nirmala Sitharaman Thursday introduced the Income Tax Bill 2025 in the Lok Sabha. The new income tax bill will replace terminologies like assessment and previous year with easier-to-understand ‘tax year’ as part of the move to simplify language while removing provisos and explanations.

Finance minister Nirmala Sitharaman defended the income tax relief for the 2025-26 budget, highlighting its benefits for all income groups, with higher savings for lower earners. She introduced a bill to simplify the tax regime,

Finance Minister Nirmala Sitharaman tabled the new Income Tax Bill 2025 in Lok Sabha on Thursday. The minister moved a motion to form a select committee on the bill, which was passed by the House.

India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.

The government has shared a list of frequently asked questions that taxpayers may pose after reading the Income Tax Bill 2025. Read on to know what they are.