Income Tax Act 2025: Finance Minister Nirmala Sitharaman on Sunday announced that the Income Tax Act, 2025 will come into effect from April 1, 2026, replacing the six-decade-old Income Tax Act of 1961 ...

The Income Tax Act, 2025, replacing the 1961 law was notified by the Centre on Friday, August 22, in its Official Gazette. This comes a day after President Droupadi Murmu gave assent to the Act. The ...

Union Budget 2026 marked a decisive shift in India’s tax policy, with Finance Minister Nirmala Sitharaman unveiling a wide-ranging reform package aimed at simplifying laws, reducing litigation and ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 on Feb. 1, delivering a tax agenda that maintains existing personal income tax rates and slabs while spotlighting reform of the ...

The Budget 2026: Finance Minister in the budget 2026 highlighted maintaining the existing income tax slabs but introduces a structural change, implementation of New Income Tax Regime, 2025 which is ...

Did our AI summary help? Finance minister Nirmala Sitharaman has proposed to implement the New Tax Act, 2025 from April 2026 while presenting the Union Budget 2026-27 in the Lok Sabha, marking her ...

NEW DELHI: The tax department is set to notify the new rules and updated return forms under the Income Tax Act, 2025 by the first week of March. However, several changes—especially those relating to ...