New Income Tax Act 2025 Comes Into Effect from April 1, 2026

Daily Current Affairs / New Income Tax Act 2025 Comes Into Effect from April 1, 2026

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Category : National Published on: April 07 2026

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The new Income Tax Act, 2025 came into force from April 1, 2026, replacing the decades-old Income Tax Act of 1961. The revised law aims to simplify tax language, reduce litigation, and make compliance easier for individuals and businesses. It consolidates various provisions and introduces clearer definitions.
This is a landmark tax reform linked to the Union Budget 2026–27. Key aspects include streamlined deductions, simplified return-filing processes, and updated provisions for digital transactions. The Act is significant for banking, SSC, and civil services aspirants as it directly impacts economic governance.

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New Income Tax Act 2025 Comes Into Effect from April 1, 2026