Income Tax Bill

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Tax to the Future: The Income Tax Bill 2025 Is Here!

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Get ready to unlock the secrets of the new Income Tax Bill 2025: it's not your grandpa's tax code!

The Income Tax landscape in India is witnessing a revolutionary transformation with the introduction of the New Income Tax Bill 2025. This bill aims to replace the aged Income Tax Act of 1961, making it easier and more accessible for taxpayers all across the country. Set to come into effect from April 1, 2026, this new bill promises structural refinements and aims to comprehensively simplify the tax system for salaried employees, free this time from the shackles of cumbersome definitions.

So how does this new bill define "salary"? Well, say goodbye to the complexities of the past as the new provisions gear up to bring clarity to the income definitions. This makes it essential for salaried employees to get acquainted with the changes, as all forms of income will now fall under streamlined heads. The changes are intended to minimize confusion and streamline the process of filing returns, making tax time less daunting—maybe even a little enjoyable!

The announcement about the Income Tax Bill came during the highly anticipated Parliament Budget Session 2025, where Finance Minister Nirmala Sitharaman promised to present the bill that could redefine how income tax operates in India. What’s more? The bill reportedly has reduced its pages significantly from a hefty 880 to a much more manageable 622! This not only reflects an effort to simplify the income tax structure but also hints at digital transformation incentives for taxpayers. Who would’ve thought tax could go digital and less boring!

As we eagerly anticipate the bill's rollout, it's worth noting how crucial it is for the everyday citizen. The bill potentially offers extended deadlines for return filing and a clearer structure for tax slabs. So next time you take a deep breath at the thought of taxes, remember: a new era is on the horizon. Interestingly, since its inception, the Income Tax Act has seen multiple amendments, but this could be one of the most significant overhauls in decades!

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Image courtesy of "Business Standard"

New Income Tax Bill to be tabled today: Here's what's changing ... (Business Standard)

Income Tax Bill 2025 Key Changes: If passed, the new Income Tax Bill, 2025 will replace the Income Tax Act of 1961 and come into effect on April 1, 2026.

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Image courtesy of "Upstox"

Salaried employee? Know how Income-Tax Bill 2025 defines salary ... (Upstox)

New Income-Tax Bill 2025 has simplified the definition of incomes to be taxed as salary. Any income earned by taxpayers are taxed under different heads of ...

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Image courtesy of "NDTV"

Parliament Budget Session 2025 Live Updates: Income Tax Bill ... (NDTV)

A new Income Tax bill -- promised by Union finance minister in her last year's budget -- will be tabled in parliament today.

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Image courtesy of "आज तक"

New Tax Bill: आज पेश होगा नया टैक्स बिल... 10 पॉइंट में आसानी से समझें ... (आज तक)

New Tax Bill 2025: आज लोकसभा में न्यू टैक्स बिल पेश किया जाएगा. इसे बीते सप्ताह ही पीएम नरेंद्र मोदी (PM Narendra Modi) के नेतृत्व वाली ...

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Image courtesy of "CNBCTV18"

New income-tax Bill 2025: A step towards simplifying tax ... (CNBCTV18)

The new Income Tax Bill brings structural refinements, deadline extensions, and digital transaction incentives, while maintaining familiar tax provisions.

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Image courtesy of "BQ Prime Hindi"

New Income Tax Bill: टैक्स रिटर्न भरना हो जाएगा बेहद आसान; लोकसभा ... (BQ Prime Hindi)

सूत्रों ने बताया कि लोकसभा में पारित होने के बाद इसे इनकम टैक्स एक्ट 2025 कहा जाएगा.

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Image courtesy of "अमर उजाला"

New Income Tax Bill: नया आयकर बिल संसद में आज होगा पेश, कर स्लैब ... (अमर उजाला)

New Income Tax Bill: नया आयकर बिल संसद में आज होगा पेश, कर स्लैब या रिटर्न भरने की समय सीमा में बदलाव नहीं.

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Image courtesy of "Economic Times"

Has income tax slabs for FY 2025-26 in new, old tax regime ... (Economic Times)

New income tax bill: The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026.

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Image courtesy of "The Economic Times"

New Income Tax Bill 2025 to be introduced by FM Nirmala ... (The Economic Times)

New Income Tax Bill in Parliament today: Finance Minister Nirmala Sitharaman will introduce the new income tax in Parliament today. The new Income Tax Bill ...

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Image courtesy of "ABP News"

New Income Tax: नए इनकम टैक्स बिल में क्या है नया और आम आदमी को ... (ABP News)

New Income Tax Bill: न्यू इनकम टैक्स बिल कोई नया कानून नहीं है, बल्कि इसमें आयकर अधिनियम 1961 को ही आसान शब्दों में लिखा गया है.

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Image courtesy of "Business Standard Hindi"

New Income Tax Bill: संसद में आज पेश होगा नया इनकम टैक्स बिल, ये 10 ... (Business Standard Hindi)

New Income Tax Bill 2025 key Changes: पुराने 1961 के इनकम टैक्स एक्ट में 880 पेज थे, जबकि अब इसे 622 पेज का कर दिया गया है।

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Image courtesy of "NDTV"

New Income Tax Bill Tabled In Parliament. Here's What Is Different In It (NDTV)

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 ...

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Image courtesy of "Deccan Herald"

Income Tax Bill 2025 | This was the highest tax rate In 1961 (Deccan Herald)

Income Tax Bill 2025: Any individual who earned more than Rs 2 lakh per annum had to pay an addition super-rich surcharge of 10-15%.

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Image courtesy of "दैनिक जागरण"

New Income Tax Bill 2025: नए इनकम टैक्स बिल में क्या है खास, 10 ... (दैनिक जागरण)

बिजनेस डेस्क, नई दिल्ली। वित्त मंत्री निर्मला सीतारमण ने नया आयकर बिल पेश कर दिया है। इसका मकसद मौजूदा आयकर कानून की ...

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Image courtesy of "Jansatta"

New Income Tax Bill 2025: नया इनकम टैक्स बिल 2025 ऐसे करें ... (Jansatta)

New Income Tax Bill 2025 Pdf: वित्त मंत्री निर्मला सीतारमण ने लोकसभा में भारी हंगामे के बीच नया इनकम टैक्स बिल पेश कर दिया।

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Image courtesy of "Business Today"

Income Tax Bill 2025 vs Income Tax Act 1961: What all has changed ... (Business Today)

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly.

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Image courtesy of "Economic Times"

Top 5 highlights of newly-introduced Income Tax Bill 2025 in Lok ... (Economic Times)

The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026, i.e., from FY 2026-27. Read our story to know the ...

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Image courtesy of "The Economic Times"

New Income Tax Bill 2025 Live Updates: FM Nirmala Sitharaman ... (The Economic Times)

FM Sitharaman had announced this during her Budget 2025 speech on February 1, 2025. The income tax bill will be a significant step towards greatly simplifying ...

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Image courtesy of "The Hindu"

New Income Tax Bill introduced in Lok Sabha (The Hindu)

Finance Minister Sitharaman on Thursday (February 13, 2025) introduced the Income Tax Bill, 2025, in Lok Sabha amid Opposition parties objecting its ...

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Image courtesy of "India Briefing"

India's New Income Tax Bill 2025: An Overview (India Briefing)

Understand the major updates in India's Income Tax Bill 2025, including tax law simplification and a shift to a unified tax year.

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Image courtesy of "आज तक"

नया आयकर बिल लोकसभा में पेश, 'टैक्स ईयर' समेत बदल जाएंगे ये नियम ... (आज तक)

न्‍यू इनकम टैक्‍स बिल में अगल- अलग सेक्‍शन के तहत इनकम पर टैक्‍स देनदारी, टैक्‍स छूट, कटौती, जुर्माना और रिफंड जैसी चीजों को ...

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Image courtesy of "Livemint"

New Income Tax Bill 2025: FAQs issued on provisions for salaried ... (Livemint)

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary chapter and simplifying TDS/TCS ...

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Image courtesy of "Upstox"

Old Income-Tax Act 1961 vs New Income-Tax Bill 2025: Clear all ... (Upstox)

The New Income Tax Bill 2025 is proposed to come into force on April 1, 2026. However, it will depend on the final approval of Parliament.

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