this is the provision in the new Income Tax Bill

Nirmala Sitharaman introduces new Income Tax Bill, proposes it be sent to select committee
The Union finance minister says in the Lok Sabha that ‘substantial’ changes are being made to the Income Tax Act 1961.
New Income Tax Bill may be tabled by FM Sitharaman in Parliament today - Top points taxpayers should know
Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act.
FM Nirmala Sitharaman introduces new Income-Tax Bill in Lok Sabha
Finance Minister Nirmala Sitharaman on Thursday introduced the Income Tax Bill, 2025, in the Lok Sabha and urged the speaker of the house, Om Birla, to constitute a select committee to examine the bill.
New Income Tax Bill introduced by Nirmala Sitharaman in Parliament, Opposition stages walkout
The new Income Tax Bill 2025 was tabled in the Lok Sabha on February 13, following which the Opposition MPs staged a walkout.
New Income Tax Bill 2025 introduced by FM Nirmala Sitharaman in Parliament today: Check details
Finance Minister Nirmala Sitharaman has introduced the new income tax in Parliament today. The new Income Tax Bill will replace the Income Tax Act of 1961. The new tax bill is being brought to simplify the tax laws and remove obsolete and redundant laws.
New IT Bill streamlines tax laws, not a mere amendment: FM Sitharaman
Finance Minister Nirmala Sitharaman introduces new Income Tax Bill, simplifying language, eliminating redundant provisions, and improving readability.
‘What if…’: Shashi Tharoor on Nirmala Sitharaman's tax exemption announcement
Finance Minister Nirmala Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to ₹12 lakh.
Finance Minister Nirmala Sitharaman Introduces 'Simplified' Income Tax Bill 2025 | Watch
Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025, which aims to simplify the tax system. The bill revises income tax slabs, introduces the term "tax year," and reduces tax litigation.
India to present new bill in Parliament to replace decades-old income tax law
India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of litigations.
FM Nirmala Sitharaman says new Income Tax Bill streamlines tax laws, not just a mechanical change
The current Income-tax Act was enacted in 1961 and came into existence with effect from April 1, 1962. It has been amended nearly 65 times with more than 4,000 amendments."
Union Budget 2025 highlights: Nirmala Sitharaman bets on income tax breaks to spur growth
Lauding the new tax regime, PM Modi said that his government seeks to put more money in the pockets of people, increase ...
Union Budget 2025: Will Nirmala Sitharaman give tax relief to middle class?
Finance Minister Nirmala Sitharaman will present the first full Budget of Modi 3.0 government. It comes at a time of ...
Deccan Chronicle1d
Budget’s Goal Is to Accelerate Growth: Sitharaman
New Delhi: Union finance minister Nirmala Sitharaman on Thursday said that the goals of the Union Budget 2025-26 are to accelerate growth, secure inclusive development and invigorate private sector ...
Budget aims to accelerate growth, boost pvt sector investments, says FM Nirmala Sitharaman
Dismisses Opp’s claim of budget favouring NDA-ruled states as 'unfounded', says those questioning tax relief ‘probably ...