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Jan 08, 2026
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New Income Tax rules from April 2026: What will change for taxpayers
India is set to roll out a new Income Tax law from April 1, 2026. Called the Income Tax Act, 2025, the new law will replace the existing Income Tax Act of 1961, which has governed taxation in the country for over six decades.
Taxpayers are being advised to understand the changes early to avoid confusion once the law comes into force.
WHY A NEW INCOME TAX LAW?
Over the years, the existing tax law has become lengthy and complex due to repeated amendments, explanations and exceptions. The new Act seeks to clean this up by rewriting the law in simpler language and updating procedures to match modern financial practices.
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