New Delhi, March 25 -- Lok Sabha has passed the Finance Bill 2025 in the Parliament today. Earlier today, Finance Minister Nirmala Sitharaman said the new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament.

Replying to the discussions on the Finance Bill 2025 in the Lok Sabha, Sitharaman said the new income tax bill, which was introduced in the House on February 13, is currently being vetted by the Select Committee.

The Select Committee has been mandated to submit its report by the first day of the next session of Parliament.

"...we will take it (new income tax bill) up in the monsoon session," Sitharaman said. The monsoon session of Parliament is usually convene in July and runs through August.

The s...