New Income Tax Bill 2025 proposes 23 Chapters and 16 Schedules, Effective from 1 April 2026
The new Income Tax Bill proposes the 23 chapters and 16 schedules, and simplify “ Tax year” term. The tax year will define the twelve-month financial period, starts from April 1, 2026. The government will expected to announce the New Income Tax Bill on 13 Feb, Thursday. The proposed legislation spans for more than 600