New Income Tax Bill 2025 Highlights: Key Changes & Implementation
The new income tax bill 2025 highlights a significant overhaul of India's tax legislation, promising a more streamlined and modern approach to taxation. Officially presented in Parliament on February 13, 2025, this long-awaited reform replaces the Income Tax Act of 1961 with a completely restructured legal framework. As part of its modernization agenda, the government has prioritized clarity, simplicity, and efficiency to ensure a smoother experience for both taxpayers and professionals.