Explore Income Tax New Bill 2025 Reforms & Download PDF Today

India has made a bold move towards revolutionizing its tax system with the Income Tax New Bill 2025. The bill was presented to Parliament on February 13, 2025, and it supplants the archaic 1961 tax regime with a more transparent, digital-friendly system. The bill will be effective from April 1, 2026, and will be effective from Tax Year 2026–27 onwards.

Interestingly, this parliamentary change affects not only common taxpayers but also professionals and students who study for competitive exams. By April 2027, the Income Tax New Bill 2025 will be integrated into CA, CS, and CMA course materials. Therefore, learning about the bill now provides a good advantage for the aspirants who wish to be one step ahead.