The Income-tax Bill, 2025
Where this law is right now
🏛️ Withdrawn
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 clarify tax rules for various income sources.
Who it affects
All individuals and businesses liable to pay income tax in India.
Key provisions
- Updates tax computation rules for salaries, house property, business, and capital gains.
- Introduces new deductions for electric vehicles, health insurance, and certain donations.
- Clarifies rules for capital gains on agricultural land and industrial shifts.
- Requires electronic payment modes for certain transactions.
- Introduces a new tax regime for individuals and companies.
| Source body | Parliament of India — Bills (Lok Sabha & Rajya Sabha) |
| Reference number | 24 |
| Status | closed (section: bill) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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_introduced
2025-02-13
The-Income-tax-Bill-2025-bill_introduced.pdf
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