A simplified Income Tax Bill, 2025, was introduced in the Lok Sabha on February 13 by Finance Minister Nirmala Sitharaman.

The committee will have 31 MPs, including 17 from the ruling National Democratic Alliance. The NDA MPs include 14 from the BJP and one each from the TDP, JD(U), and the Shiv Sena.

Bharatiya Janta Party National Vice President and Lok Sabha MP Baijayant Panda is appointed as the chairperson of the Select Committee.

It is important to note that this zero tax liability only pertains to the new tax regime that has been in place as the default system since 2023. To avail of this benefit, taxpayers simply need to ...

Finance Minister Nirmala Sitharaman introduced the New Income Tax Bill 2025 in Lok Sabha, set to replace the Income Tax Act ...

Raghav Chadha said the Finance Minister made sarcastic comments against his statement and accused him of misleading the House ...

AAP MP Raghav Chadha in a video said that Finance Minister Nirmala Sitharaman tried to “complicate” his counter regarding the ...

The 31-member committee will be headed by BJP MP Baijayant Panda and will include members from across party lines.

Lok Sabha speaker Om Birla formed a 31-member Select Committee of the lower house to examine the Income Tax Bill.

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax ...