THE INCOME-TAX BILL, 2025
Where this law is right now
🏛️ Became law (Act)
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What does this law do?
This law updates the Income Tax Act to modernize tax computation, introduce new deductions, and address tax avoidance strategies. It aims to simplify tax filing and ensure fairer tax collection by clarifying income definitions and adding new tax-saving options.
Who it affects
All individuals and businesses in India who are liable to pay income tax.
Key provisions
- Updates tax computation methods for various income sources including salaries, house property, business, and capital gains.
- Introduces new deductions for electric vehicle purchases, health insurance, and donations to certain funds.
- Adds provisions to prevent tax avoidance through international transactions and related-party dealings.
- Creates new rules for computing capital gains on property and investments.
- Introduces a new tax regime for certain manufacturing companies.
Points worth noting
- This is a proposed law (Bill) and not yet enacted.
- It amends the existing Income Tax Act, 1961.
- It includes provisions for tax relief in double taxation cases.
- It creates new rules for transfer pricing and anti-avoidance measures.
| Source body | Parliament of India — Bills (Lok Sabha & Rajya Sabha) |
| Reference number | 104 |
| Status | closed (section: bill) |
| Year | 2025 |
| Closing date | — |
| Documents | 3 |
Highlights & Points worth asking
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Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Bill_passed_both
THE-INCOME-TAX-BILL-2025-bill_passed_both.pdf
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Bill_introduced
2025-08-11
THE-INCOME-TAX-BILL-2025-bill_introduced.pdf
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Bill_passed_ls
2025-08-11
THE-INCOME-TAX-BILL-2025-bill_passed_ls.pdf
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