Which of the following statements is/are correct regarding the new Income Tax Bill 2025?
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The new Income Tax Bill 2025 aims to simplify tax laws, reduce legal complexities, and ease compliance, replacing the Income Tax Act of 1957.
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The new Income Tax slabs effective from AY 2026-27 include a 25% tax rate for income between ₹20,00,001 and ₹24,00,000.
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The new bill introduces multiple tax regimes for different taxpayers but aims to unify them into a single tax regime to reduce compliance burdens.
1
1 only
2
2 only
3
2 and 3 only
4
1 and 3 only
5
All are correct