New Income Tax Act: A major chapter is about to be added to India's tax history. The central government has decided to consign the 64-year-old Income Tax Act, 1961, to the pages of history. A ...

The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier ...

India is set to witness one of the most significant tax reforms in decades. Starting April 1, 2026, the Central Government ...

Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.

The drafts have been opened for public comments for 15 days, until February 22, 2026. The tax department has invited ...

India's tax compliance system is undergoing a significant overhaul with the introduction of draft Income-Tax Rules, 2026 by ...

The Income Tax Department has released the Draft Income-tax Rules, 2026, along with draft forms to implement the Income-tax Act, 2025, offering the first detailed glimpse into how India’s revamped tax ...

The new tax framework will be finalised after the Union Budget on February 1, 2026. Legal and procedural changes have clarified how taxable income, deductions and credits are computed.

Households may also look for targeted relief at the lower end of the income spectrum. Under the new tax regime, the current rebate ensures that individuals with income up to Rs 12 lakh face no tax ...

FM Nirmala Sitharaman is set to present the Union Budget 2026 today. What is middle class, salaried taxpayers are seeking? LIVE updates on Budget 2026 income tax expectations.

Salaried employees stand to gain significantly from proposed tax rule changes. Under draft Income Tax Rules, 2026, the annual ...