New Delhi, April 1 India's direct tax system entered a new phase on April 1, 2026, as the Income Tax Act, 2025 officially came into effect.The Income Tax Department announced the rollout through a message on X, calling it a step towards a simpler and more user-friendly tax framework aligned...
assessment year
central board of direct taxes
deduction limits
financial year
income tax
income tax act
india
itr-3
itr-4
tax compliance
tax filing
tax law
taxreformtax rules
tax slabs
tax year
India’s Key Financial and Regulatory Changes Effective April 1
Introduction of the New Income Tax Act, 2025
Starting April 1, India will implement the Income Tax Act, 2025, replacing the decades-old 1961 legislation. The new law is designed to simplify taxation by using clearer language and...
employee benefits
financial regulation
financial year
income tax
income tax act
india
india economy
labor law
lpg pricing
railway ticket cancellation
tax compliance
tax law
taxreformtax return
tax year
