India is stepping into a new era of tax reform with the New Income Tax Bill 2025 Highlights, a transformative initiative designed to simplify and modernize the country\'s direct taxation system. Introduced in Parliament on February 13, 2025, this landmark bill replaces the decades-old 1961 framework. With significant changes aimed at improving compliance, reducing disputes, and aligning with global standards, this legislation is set to reshape how taxes are understood and filed in India.