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

The new Income Tax Bill is going to be introduced in Parliament, about which the government's intention is clear that it wants to make the Income Tax Act simpler and more transparent. There will be new changes in the government system through this bill.

The proposed bill does not change tax rates. Instead, it focuses on three key improvements: simplifying language for better understanding, removing outdated provisions, and reorganising sections for easier navigation.