<h1>Taxation Laws (Amendment) Bill 2025 offers pension tax exemptions and benefits for Saudi public investment funds under Income-tax Act</h1> A Taxation Laws (Amendment) Bill, 2025 was introduced in the Lok Sabha to amend the Income-tax Act, 1961 and the Finance Act, 2025. The Bill provides tax exemptions for subscribers of the Unified Pension Scheme, aligning its benefits with those of the New Pension Scheme. It also includes changes to the block assessment process in Income Tax search cases and offers direct tax benefits to public investment funds from Saudi Arabia. These amendments aim to enhance tax provisions related to pension schemes and foreign investment.