New Income Tax Act 2025: What Changes From April 2026 & How It Affects Your ITR Filing
India’s Income Tax Act 1961 has been replaced by the Income Tax Act 2025, effective April 1, 2026. “Assessment Year” is now “Tax Year”. Zero tax on income up to ₹12 lakh. ITR-3 & ITR-4 deadline extended to August 31. Here’s the full breakdown.
India’s Income Tax Act 1961 has been replaced by the Income Tax Act 2025, effective April 1, 2026. “Assessment Year” is now “Tax Year”. Zero tax on income up to ₹12 lakh. ITR-3 & ITR-4 deadline extended to August 31. Here’s the full breakdown.
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