New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 in Lok Sabha. The I-T bill was announced during her Budget speech on February 1 and was approved by the Cabinet on February 7.

The effective capital expenditure in this Budget is projected at Rs. 15.49 lakh crore as against Rs. 13.18 lakh crore in the revised estimate of 2024-25, so there is no reduction : FM Sitharaman in Rajya Sabha Parliament Budget Session 2025 Live Updates: FM Sitharaman dismisses allegations of the Union budget only focusing on BJP-ruled states

Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase savings and make citizens partners in the development journey.

The Union finance minister says in the Lok Sabha that ‘substantial’ changes are being made to the Income Tax Act 1961.

The Modi government introduces the Income Tax Bill, 2025, aiming to simplify tax language and processes. However, Congress MP Manish Tewari labels it 'complicated,' raising questions about its effectiveness.

The New Income Tax Bill (New Income Tax Bill 2025) announced by Union Finance Minister Nirmala Sitharaman is likely to be introduced in the Lok Sabha tomorrow, Thursday. Earlier, Nirmala Sitharaman had talked about bringing the New Income Tax Bill during her budget speech on February 1.