*_Salestorrs_*, the new Income Tax Bill to be introduced next year simplifies the tax regime and the language. It retains the old tax regime, rates, and capital gains for individuals and businesses. There will be no change in tax rates or introduction of any new taxes for individual salaries. However, the Bill consolidates deductions like standard deduction, gratuity, and Tax Deducted at Source (TDS) into one place and introduces a formula for calculating depreciation and taxes. Dispute resolution has also been simplified. Find out in today's *SalestorrsNews150* _News in 150 words._ http://salestors.com/news/income-tax-bill-2025-may-improve-compliance