New Income Tax Bill 2025: Read full text of proposed new I-T Act

New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman presented the New Income Tax Bill 2025 in Lok Sabha, aiming to replace the 64-year-old law. The new legislation simplifies language, aligns ‘tax year’ with the financial year, and maintains structural elements and deadlines. Here is the full text of the New Income Tax Bill 2025:

​New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman presented the New Income Tax Bill 2025 in Lok Sabha, aiming to replace the 64-year-old law. The new legislation simplifies language, aligns ‘tax year’ with the financial year, and maintains structural elements and deadlines. Here is the full text of the New Income Tax Bill 2025: