Download Income Tax Act 2025 PDF & Key Highlights Explained
India has taken a major leap in tax reform with the introduction of the Income Tax Act 2025. Presented in Parliament on February 13, 2025, this new legislation aims to replace the decades-old Income Tax Act, 1961. With significant structural, linguistic, and procedural improvements, this act intends to simplify taxation for individuals and businesses alike. A dedicated committee will review the bill and submit its findings by the Monsoon Session, marking the beginning of a new tax era.