The Income-Tax Bill, 2025 is scheduled to be introduced in the Lok Sabha today. The Bill, which is aimed at consolidating and amending the law relating to income tax, has been listed in the business of the House. In her Budget speech, Finance Minister Nirmala Sitharaman had announced to bring to a new Income Tax Bill. She had also announced that individuals earning up to 12 lakh rupees annually will pay no income tax.The Report of the Joint Committee on the Waqf (Amendment) Bill, 2024 is also scheduled to be tabled in the Lok Sabha and Rajya Sabha today, which is the last day of the first part of the Budget Session of Parliament.
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