New Delhi, Aug. 3 -- The government is slated to introduce the Taxation and Other Laws (Amendment) Bill, 2026, in the Lok Sabha on Tuesday, with the legislation proposing a series of amendments to the Payment and Settlement Systems Act, 2007, the Income-tax Act, 2025, and the Finance Act, 2026.

The Bill will replace the Income-tax (Amendment) Ordinance, 2026. It is listed for introduction in Lok Sabha tomorrow.

The bill says that "no bank or system provider shall impose, whether directly or indirectly, any charge upon a person making or receiving a payment by using one or more electronic modes of payment as may be notified by the Central Government".

One of the key proposals in the Bill is aimed at promoting digital payments. It provid...