Wed Feb 12 18:05:00 UTC 2025: ## New Income Tax Bill Expected Tomorrow: Major Overhaul Planned

**New Delhi, February 12, 2025** – Finance Minister Nirmala Sitharaman is expected to table a landmark new income tax bill in Parliament tomorrow, February 13th. The bill, announced during the Budget 2025 speech, represents a significant overhaul of the existing 64-year-old Income Tax Act, 1961. The aim is to simplify the current complex tax structure, reducing the number of sections and clauses to make the system more user-friendly. Further details are expected to be revealed during the bill’s presentation.

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