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Dec 18, 2025 · From 01.04.2026, filings are time barred due to repeal of the Income Tax Act, 1961. Under Sec. 397 (3) of the New Income Tax Act, 2025, corrections are allowed within two years from …
Pages - Income Tax India - Central Board of Direct Taxes, Government …
6 days ago · *In view of Section 397 (3) (f) of Income Tax Act, 2025, correction statements for FY 2018-19 (Qtr. 4), FY 2019-20 to 2022-23 (Qtr. 1 to Qtr. 4) and FY 2023-24 (Qtr. 1 to Qtr. 3) shall be …
India - Individual - Taxes on personal income - Worldwide Tax …
Dec 10, 2025 · Taxation of individuals in India is primarily based on their residential status in the relevant tax year. The residential status of individuals is determined independently for each tax year and is …
India to introduce new Income Tax Act from April 1, 2026: 4 major
India is set to witness one of the most significant tax reforms in decades. Starting April 1, 2026, the Central Government will roll out a completely new income tax law, replacing the decades-old ...
What is Income Tax in India? Beginner’s Guide (2025)
A beginner-friendly guide to income tax in India—learn key terms, exemptions, how to file, and smart tips to legally save more on taxes.
e-Filing Home Page, Income Tax Department, Government of India
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What is Income Tax? Meaning, Rules, Tax Slabs, Types and Tax Guide …
Jan 27, 2026 · India follows a progressive tax rate for individuals, meaning the tax rate increases with the assessee's income. Income tax implications vary based on the taxpayer's legal entity, age, …
Income tax in India - Wikipedia
The income-tax law consists of the 1961 act, Income Tax Rules 1962, Notifications and Circulars issued by the Central Board of Direct Taxes (CBDT), annual Finance Acts, and judicial pronouncements by …
New income-tax draft rules 2026: What it means for your salary
1 day ago · New income-tax draft rules 2026: What it means for your salary, PAN and property The draft rules indicate a big shift in how PAN will be used in everyday financial transactions. One of the key …
Income Tax Slabs and Rates for FY 2025-26 (AY 2026-27) - ET Money
Aug 26, 2025 · In India, income tax liability is calculated based on your applicable slab rates, which the finance minister outlines. Recently, in Budget 2025, the government revised the slab rates for …