New Delhi, Aug. 12 -- Parliament on Tuesday passed the new Income Tax Bill with the Rajya Sabha clearing it by a voice vote.

Union Finance Minister Nirmala Sitharaman moved the Income Tax (No.2) Bill, 2025 and the Taxation Laws (Amendment) Bill, 2025, in the Rajya Sabha for consideration and return.

Lok Sabha on Monday passed the new Income Tax Bill without debate, hours after it was introduced in the House by Finance Minister Nirmala Sitharaman.

The Income Tax (No.2) Bill, 2025, which was introduced on Monday afternoon after the government on Friday last withdrew the Income Tax Bill, 2025 in the Lok Sabha, incorporates almost all recommendations of the Select Committee, which examined the legislation.

The new Income Tax bill provides...