New Delhi, Aug. 12 -- Finance Minister Nirmala Sitharaman on August 12 told the Rajya Sabha that the new income tax bill, aims to "make language simple", adding that "no new rate is being introduced".

"New income tax law aims to make language simple; no new rate is being introduced. The Narendra Modi government is simplifying tax laws to make compliance easy," she added.

The finance minister also slammed the opposition parties for not participating in discussion on important bills like income tax legislation.

(With inputs from PTI)

(This is a developing story, more updates coming.)

Published by HT Digital Content Services with permission from MINT....