New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check

Quick Summary:

New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill 2025 in Lok Sabha, set to replace the Income Tax Act 1961.

The new bill aims to simplify tax provisions with clearer language, reducing its length and eliminating redundant sections while consolidating related content for easier understanding and compliance.

Therefore, while no major policy related changes have been made in the Bill, the above aspects have led to proposed ‘material’ changes in the existing law.20.

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Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaAustraliaJordanQatar

Topics: New income tax bill explained Business news New income tax bill 2025 news New income tax bill 2025 faqs Income tax act New income tax bill New income tax bill 2025

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News Sentiment: Negative

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Article Type: News Report

Published On: 2025-02-15 @ 12:24:52 (6 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 3617 words

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Sentences: 177 lines

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News ID: 26162274

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