New income tax bill: FM Nirmala Sitharaman to table the new I-T bill in Parliament on Thursday. Here is what it says | Mint

The New Income Tax Bill, set to be presented in Parliament on Thursday, February 13, will span over 622 pages and aims to replace the six-decade-old Income Tax Act of 1961. Once passed, the proposed legislation will be called the Income Tax Act, 2025, and is expected to take effect in April 2026.