FM Nirmala Sitharaman to table 'New Income Tax Bill 2025'

Nirmala Sitharaman, Union Finanace Minister is all set to introduce revised Income Tax Bill 2025 in the Lok Sabha today.

New Income Tax Bill 2025 incorporates 285 suggestions from the Parliamentary Select Committee. 

The new legislation aims to simplify tax



processes and address previous shortcomings, potentially reshaping the income tax landscape in the country.

Last week, the Income Tax Bill, 2025, which was introduced in the Lok Sabha on February 13 to replace the existing Income Tax Act, 1961, was formally withdrawn by  Centre government.