Archive · 25 Jul 2025
New Income Tax Bill Drafted to Modernize Tax Law
The government has created a new Income Tax Bill to make tax rules easier to understand.
It took a lot of time and effort to write this bill, which is over 4,000 pages long.
The Finance Minister wants tax officials to work faster, especially when it comes to giving people their tax refunds.
She also wants them to fix any issues people have quickly.
The goal is to make paying taxes simpler and more efficient.
The new Income Tax Bill, 2025, aims to simplify and modernize tax law.
The bill took 60,000 man-hours to draft, according to Finance Minister Nirmala Sitharaman.
The bill is over 4,000 pages long and has undergone extensive parliamentary review.
Finance Minister stressed the need for quicker issuance of Orders Giving Effect (OGEs).
The Finance Minister identified five operational goals for tax officers.
- Who
- Finance Minister Nirmala Sitharaman and the Central Board of Direct Taxes (CBDT).
- What
- The new Income Tax Bill, 2025, which aims to simplify and modernize the existing tax laws.
- When
- The bill was introduced in the Lok Sabha in February 2025. Finance Minister spoke on Income Tax Day.
- Where
- N/A
- Why
- To simplify legal language, modernize the tax law, and improve tax compliance and administration.
Taxpayer Concerns
Government Initiatives
OGE Delays
Taxpayer Concerns
Taxpayers face delays in receiving benefits due to bureaucratic lags.
Government Initiatives
N/A
- Bill Name
- Income Tax Bill, 2025
- Man-hours to Draft
- 60,000
- Primary Goal
- Simplify Tax Law
- Bill Length
- Over 4,000 pages
- Introduced in
- Lok Sabha
- CAG Report
- Delays in OGE issuance up to 11 years