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New Income Tax Bill News

New Income Tax Bill

17 Feb 2025

Govt Received Over 60,000 Inputs From Citizens Towards New Income Tax Bill: FM

Addressing a post-Budget event here, the Finance Minister said the review of the Income-Tax Act, 1961 has a big component of Prime Minister Narendra Modi’s principle of 'Jan Bhagidari'.

Income Tax Act 1961

13 Feb 2025

Will New Income Tax Bill 2025 Change The Existing Income Tax Slabs?

Finance Minister Nirmala Sitharaman on Wednesday (13 February 2025) tabled the much talked about New Income Tax Bill 2025 in Lok Sabha. The Bill will now be sent to the Parliamentary Standing Committee on Finance for further deliberations.

Income Tax Act 1961

13 Feb 2025

New Income Tax Bill 2025 Introduced In Lok Sabha By FM Nirmala Sitharaman

Finance Minister Sitharaman introduces Income Tax Bill, 2025, in Lok Sabha amid opposition parties opposing its introduction.

Income Tax Act 1961

13 Feb 2025

New Income Tax Bill To Supersede Income Tax Act 1961 To Be Tabled In LS

The revised tax framework is expected to come into force from April 1, 2026.

Income Tax Act 1961

13 Feb 2025

New Income Tax Bill 2025 Vs Old Income Tax Act 1961: Ten Key Points To Know

A crispier and simplified Income Tax Bill 2025, having 536 sections, and 23 chapters running into 622 pages, is likely to be introduced in the Lok Sabha on Thursday.

Income Tax Act 1961

12 Feb 2025

New Income Tax Bill To Have 622 Pages, 536 Sections; To Be Tabled Tomorrow

The Bill once enacted will replace six-decade old Income Tax Act 1961, which over the years became bulkier and complex with amendments.

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