New ‘Income Tax Bill’ introduced in Lok Sabha

[Alessia Sofia]

The New Income Tax Bill 2025 aims to replace the existing Income Tax Act of 1961, introducing a more simplified and modern tax framework. The bill includes a major restructuring of tax slabs, increasing the exemption limit to ₹4 lakh and adjusting rates up to 30% for incomes above ₹24 lakh. Additionally, salaried employees will benefit from a nil tax limit up to ₹12.75 lakh, factoring in a standard deduction of ₹75,000.

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[rapiddigitalgrowth]

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[akaaysharma]

Virat Kohli is one of the world’s most accomplished cricketers, known for his exceptional batting skills, leadership, and passion for the game. With numerous records in Test, ODI, and T20 formats, he has become a global sports icon. Explore his journey, achievements, and legacy on this dedicated platform celebrating the life and career of a cricket legend.

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