Hyderabad, Aug. 14 -- Union finance minister Nirmala Sitharaman on August 11 introduced the revised Income Tax Bill 2025 in the Lok Sabha. Since there are changes in how we pay Income Tax every year, this year there are 10 major changes to the bill.

The Bill was revised based on the 285 recommendations made by the select committee in Lok Sabha in July. The recommendations proposed reforms to the Bill introduced during the budget session in February.

The original Bill was sent to the select committee for a review so that it could be reviewed to replace the Old Income Tax Bill of 1961. According to a report by Financial Express, the select committee suggested improvements on some technical and procedural aspects related to taxpayers.

Old...