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HomeColumnsNew Income Tax Act, 2025 to Take Effect from April 1, 2026,...

New Income Tax Act, 2025 to Take Effect from April 1, 2026, Introducing Simplified “Tax Year” System

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By Mariya Paliwala
New Income Tax Act, 2025 to Take Effect from April 1, 2026, Introducing Simplified “Tax Year” System

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India is set to usher in a major overhaul of its direct tax framework with the implementation of the Income Tax Act, 2025from April 1, 2026. The new legislation will replace the decades-old Income Tax Act, 1961, aiming to simplify compliance, reduce legal disputes, and modernise tax administration without altering existing income tax slabs. The…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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