Budget 2025 may reboot direct taxes with a new income tax bill and roadmap

Published on 24 April 2026

Roadmap hints at rate cuts plus fewer exemptions

A report suggests the government could introduce a new income tax bill in the Budget 2025 Parliament session. The proposed direct tax code aims to simplify and streamline complex income tax laws so they’re easier for ordinary taxpayers to understand, with a possible roadmap that includes cutting tax rates and reducing exemptions.

Budget 2025 could see a new income tax bill introduced
Direct tax code focus: simplify and streamline income tax laws
Roadmap may include tax rate cuts and fewer exemptions
Goal: make filing and understanding taxes easier for laypeople

#budget 2025 #direct tax code #tax reforms #income tax

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Budget 2025 may reboot direct taxes with a new income tax bill and roadmap

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