Income Tax Bill 2025: No Changes in Tax Rates, Says Department

The Income Tax Department has clarified that the new Income Tax Bill, 2025, does not suggest any changes to current tax rates. The bill aims to simplify language and remove outdated provisions. It was introduced in Parliament in February and reviewed by a committee, which submitted its recommendations in July.


Devdiscourse News Desk | New Delhi | Updated: 29-07-2025 21:41 IST | Created: 29-07-2025 21:41 IST
Income Tax Bill 2025: No Changes in Tax Rates, Says Department
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The Income Tax Department has come forward to dispel any confusion regarding the proposed Income Tax Bill, 2025, asserting that it will not alter existing tax rates.

Despite circulating reports suggesting potential changes in rates, particularly concerning long-term capital gains (LTCG), the department insisted that the bill focuses on simplifying tax language and eliminating obsolete provisions.

Initially tabled in Parliament in February, the bill underwent scrutiny by a parliamentary committee, which delivered its feedback this past July 21, leaving tax rates unchanged as intended.

(With inputs from agencies.)

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