Parliament Budget Session 2025: Income Tax Bill Likely To Be Tabled Today
A new Income Tax Bill is likely to be tabled in the parliament today, according to what sources have told NDTV. The bill seeks to replace the Income Tax Act of 1961 and simplify the language of the existing act.
Once introduced in the Lok Sabha, likely on Thursday, the Bill will be sent to the Parliamentary Standing Committee on Finance for further deliberations. The new law is expected to take effect on April 1, 2026.
