New Income-Tax Bill 2025 Explained | Key Changes, Provisions & UPSC GS-3 Economy Analysis

The Income-Tax Bill, 2025, passed in the Lok Sabha on 11 August 2025, marks the biggest overhaul of India’s direct tax system in over 60 years. Replacing the Income-Tax Act, 1961, this bill consolidates tax provisions, simplifies compliance, strengthens taxpayer rights, and promotes digital-first governance.

In this video, we cover:
Why the new bill was introduced
Major changes & simplifications in tax law
Impact on taxpayers, businesses, and compliance
UPSC GS-3 & GS-2 syllabus linkage
Prelims & Mains exam relevance

📌 Syllabus Mapping:
GS-III: Indian Economy – Government Budgeting, Resource Mobilization, Tax reforms
GS-II: Governance – Transparency, Accountability, Faceless Compliance, Taxpayer Rights
Prelims: Current Affairs – Latest Tax Law Changes, Budget Policy

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