India’s Finance Bill 2025: Key Tax Reforms and Economic Measures Explained
The Finance Bill 2025, as summarized by CNK & Associates LLP, marks a significant step toward modernizing India’s fiscal and regulatory landscape. With a focus on simplification, compliance relief, and strategic incentives, this year’s budget introduces a slew of changes across income tax, GST, customs, and international financial services.
One of the most headline-grabbing reforms is the revamp of the New Income Tax Regime, which includes revised slab rates, higher rebate thresholds, and an expanded filing timeline for updated returns. The bill also brings relief for start-ups, non-resident investors, and charitable trusts, while streamlining TDS/TCS provisions and offering new exemptions under GST and customs laws.
Additionally, the bill strengthens Make in India efforts with duty exemptions for critical sectors like EV battery and mobile phone manufacturing, while expanding the scope of 100% FDI in insurance and easing regulatory burdens in GIFT City IFSC.
