The new Income Tax Bill aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, it contains 536 sections and 23 chapters, without introducing new taxes, focu

Finance Minister Nirmala Sitharaman tabled the new income tax bill - which she had mentioned in her Budget speech on February 1, and which is expected to reduce the jargon in the Income-Tax Act of 1961,

The Income-tax Bill, 2025 exemplifies the Government’s resolve to enhance the ease of doing business and create a transparent, user-friendly tax framework.

The Union Cabinet last week cleared the new Income Tax bill. Sitharaman had indicated earlier that the bill will be sent to a parliamentary committee for scrutiny.

The new Income Tax Bill, 2025, consists of 536 sections, 23 chapters, and 16 schedules in just 622 pages—a significant reduction from the amended 1961 Act, which had 823 pages as of 2024.

Simplified tax bill with 536 sections and 23 chapters to replace the complex Income Tax Act, 1961, set to introduce in the Lok Sabha.

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Lok Sabha, aiming to replace the 1961 Act. Set for implementation in April 2026, it seeks to simplify and consolidate tax laws,

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.

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 Rajya Sabha witnessed chaos on Thursday as opposition parties protested following the tabling of the Joint Parliamentary Committee (JPC) report on the Waqf (Amendment) Bill. The uproar led to a brief adjournment of the House.