Income Tax Bill 2025 Details: New Reforms & Fresh Tax Rules
India has made a daring step forward in overhauling its taxation environment by rolling out a new legislative structure through the Income Tax Bill 2025. The groundbreaking reform, presented to Parliament on February 13, 2025, supplants the ancient 1961 Act with a contemporary, streamlined, and easy-to-use format. As most anticipated that it would be rechristened the Direct Tax Code, the government intentionally retained the historic title to provide a sense of legal continuity.