SENSEX
NIFTY
GOLD
USD/INR

Weather

image 22    C

Top News News

The Economic Times

Top News / The Economic Times

details

Income tax law comes into force from April 1: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman announced the Income Tax Act, 2025, will be implemented from April 1, 2026, replacing the existing six-decade-old law. This new legislation simplifies tax rules and forms, making compliance easier for ordinary citizens. The revenue-neutral act aims to reduce litigation by simplifying direct tax laws and removing ambiguities.

1 Feb 2026 12:56 pm