THE INCOME TAX ACT,2025 TO COME INTO EFFECT FROM 1ST APRIL, 2026

• Income-tax Act, 2025 (Act 30 of 2025) replaces the six-decade-old Income-tax Act, 1961, effective 1 April 2026.
• A simplification and modernisation exercise — no change in tax rates or underlying policy; aims at clarity, brevity and ease of compliance.
• Relevant for GS-III (Indian Economy: Mobilisation of Resources, Taxation) and GS-II (Government policies/legislation).