Income Tax Bill 2025 - Innovative Schools

Income Tax Bill 2025: New Tax Benefits Announced for UPS, NPS Subscribers & Pensioners

August 13, 2025 by Sthiti

Income Tax Bill 2025: The Lok Sabha passed the Income Tax (No. 2) Bill, 2025 on Monday, August 11. This bill is a big step towards changing the nearly 60-year-old Income Tax Act (Income-Tax Act, 1961). It was introduced by Finance Minister Nirmala Sitharaman. Most of the 285 recommendations of the Parliamentary Select Committee have … Read more

New Income Tax Bill 2025: Key Changes, Refunds & TDS Rules Explained

August 6, 2025July 22, 2025 by Sthiti

The Income Tax Bill 2025 may replace the old tax law from next year. Know what changes are expected, including refund rules, TDS certificates, and Section 80M benefits. If you missed the deadline to file your Income Tax Return (ITR), don’t worry—you might still be eligible for a tax refund soon. A major Parliamentary Committee … Read more