New Income Tax Bill to be tabled today

New Income Tax Bill 2025: Read full text of proposed new I-T Act
Finance Minister Nirmala Sitharaman presented the New Income Tax Bill 2025 in Lok Sabha, aiming to replace the 64-year-old l
New Income Tax Bill 2025: Old Vs New Regime Differences, Exemption Limits And More
The Income Tax Bill 2025, a document of 622 pages comprising 536 sections and 23 chapters, is anticipated to be introduced in the Lok Sabha on Thursday, February 13, 2025. Once enacted, the proposed bill will replace the six-decade-old Income Tax Act of 1961, which has become increasingly complex and cumbersome due to numerous amendments.
New Income Tax Bill 2025: All FAQs on tax slabs, old vs new regime, and more answered
Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption limits and more.
New Income Tax bill: Has it really been simplified for taxpayers?
The proposed income tax bill seeks to simplify and revamp the Income Tax Act of 1961, which has often been criticised for its complexity, making it challenging for ordinary taxpayers to navigate.
India to present new bill in Parliament to replace decades-old income tax law
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.
When is new Income Tax Bill likely to come into effect?
Once the new income tax bill is passed by Parliament, many taxpayers and common citizens will wonder when it will come into effect. Will the government provide ample time for taxpayers, tax experts and other stakeholders to understand the new law and its impact on them?
Income Tax Bill 2025: Deductions on salaries, pension & gratuity explained
Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...
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Income Tax Bill 2025 vs Income Tax Act 1961: What all has changed under the new bill; check FAQs
The decision to review the Income Tax Act of 1961 was initially announced by FM Sitharaman during her Budget Speech on July 23, 2024. The objective is to streamline the Income Tax Act, ...