Income Tax Bill 2025 Changes Could Save You Money — Or Cost You
Parliament has officially passed the New Income Tax Bill 2025, replacing the old tax law that’s been around since 1961. The updated law is set to kick in from April 1, 2026.
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Finance Minister Nirmala Sitharaman called it a “leaner and more focused law” — designed to be easier to read, understand, and actually follow.
New Income Tax Bill 2025 Changes:
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The law uses simpler, modern language
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Outdated rules and confusing sections have been removed
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It’s designed to be more transparent and efficient
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Refund and assessment processes are expected to become smoother
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The final version incorporates inputs from a special parliamentary committee
While exact details like tax rates and refund procedures are still to come, experts say this change could lead to fewer disputes, faster returns, and a much-needed modern tax experience.
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