*New Income Tax Bill 2025: Key Updates* The Indian government is set to introduce a new Income Tax Bill in Parliament this week. The bill, approved by the Union Cabinet on February 7, aims to simplify and modernize the tax system. Finance Minister Nirmala Sitharaman announced the bill during the Union Budget 2025, expressing hope for its smooth passage. *What to Expect:* - The bill will be presented in the Lok Sabha soon and may be reviewed by Parliament's Standing Committee on Finance. - It focuses on making the tax system more straightforward and transparent. - The new bill is expected to be 50% shorter and easier to understand compared to the current tax laws. This reform is part of the government's effort to reduce complexity for taxpayers and create a more efficient tax structure. Stay tuned for further updates as the bill progresses in Parliament.