Income Tax Act 2025: Key Changes, Applicability & PDF Download
The long-anticipated Income Tax Act 2025 has been officially presented in Parliament on February 13, 2025. A dedicated committee is now reviewing the bill and will submit its report before the Monsoon Session. This new tax law aims to modernize and simplify India’s taxation system while improving efficiency. The Income Tax Act 2025 PDF is available for taxpayers and professionals to understand its provisions. Explore key highlights of the Income Tax Act 2025 , its implementation date, major changes, and how to download the Income Tax Act 2025 PDF for details. Effective Date and Transition Timeline The Income Tax Act 2025 will come into effect on April 1, 2026, meaning that FY 2026-27 will be the first financial year taxed under the new framework. For students appearing for taxation exams: Exams before March 31, 2026, will follow the Income Tax Act, 1961. Exams from April 1, 2027, will be based on the...