Archive · 25 Jul 2025
New Income Tax Bill Took 60,000 Hours to Draft, Says FM
The government has created a new Income Tax Bill to make taxes easier to understand and update old rules.
It took a lot of time to write the bill, which is over 4,000 pages long.
The Finance Minister said the bill simplifies the tax language and also spoke about speeding up tax refunds and addressing issues taxpayers have.
The new law will have rules that explain how everything works.
The new Income Tax Bill, 2025, aimed at simplifying the six-decade-old tax law, took 60,000 man-hours to draft.
Finance Minister Nirmala Sitharaman highlighted the bill's simplification of legal language.
The bill, over 4,000 pages, underwent parliamentary review, including a select committee's observations.
The department is working on the implementation rules and forms for the new law.
Sitharaman addressed delays in issuing Orders Giving Effect (OGEs) and urged tax officials to improve protocols.
- Who
- Finance Minister Nirmala Sitharaman and the CBDT.
- What
- New Income Tax Bill aimed at simplifying tax laws.
- When
- The bill was introduced in February 2025.
- Where
- N/A
- Why
- To simplify language, modernize tax law, and improve tax administration.
- Bill Name
- Income Tax Bill, 2025
- Drafting Time
- 60,000 man-hours
- Previous Law
- Income Tax Act, 1961
- Bill Length
- Over 4,000 pages
- Committee Review
- Select committee submitted 566 observations
- Focus
- Simplifying tax compliance and administration