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The new direct tax code is anticipated to be introduced to the Lok Sabha this week. The new tax bill is part of a bigger attempt to reform the country's tax system.

New Income Tax Bill 2025: New Income Tax Bill to be introduced in Lok Sabha on Thursday; How will it affect taxpayers?

The new Income Tax Bill would likely propose 23 chapters and 16 schedules, according to sources. It will use simpler terminology like "tax year."

New Income Tax Bill 2025: 23 Chapters and 16 Schedules as part of the New Bill, Say Sources

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Download New Income Tax Bill

The government plans to introduce the much-anticipated New Income Tax Bill in Parliament on Thursday (February 13), said the sources.

Government is likely to table over 600-page long New Income Tax Bill in Parliament on Thursday

Key Highlights of New Income Tax Bill to Be Introduced in Parliament

New Income Tax Bill to Be Introduced in Parliament: Key Highlights

New Income Tax Bill to Replace 1961 Act is likely to introduced this week.

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New Income Tax Bill 2025: New Income Tax Bill to be introduced in Lok Sabha on Thursday; How will it affect taxpayers?

New Income Tax Bill 2025: 23 Chapters and 16 Schedules as part of the New Bill, Say Sources

Download New Income Tax Bill

Government is likely to table over 600-page long New Income Tax Bill in Parliament on Thursday

New Income Tax Bill to Be Introduced in Parliament: Key Highlights

New Income Tax Bill to Replace 1961 Act: Aims for Simplicity and Clarity