New Tax Era Begins in India

Income Tax Bill 2025

[{"selector":"#anim-c9fc7007-e29f-471b-aeb6-d6685ff015bc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Historic overhaul: Income Tax Bill 2025 replaces the 1961 Act, effective April 2026. Read Full Story

Simplified Tax Structure

[{"selector":"#anim-9706632a-68c2-4c1a-9ab9-fc9b9fff4077 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Complex jargon replaced with clear language, making tax laws user-friendly. Read Full Story

Digital Compliance Mandatory

[{"selector":"#anim-ef8f73d6-ab2e-4dec-943d-71b42b3f62d2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] E-filing and faceless assessments introduced for faster, transparent tax processing. Read Full Story

Stricter Anti-Evasion Rules

[{"selector":"#anim-63b88934-2418-46e0-a9cf-168f6e354dfd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.26781025389192287%, 13.888888888888884%) scale(1.2777777777777777)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] GAAR and transfer pricing regulations strengthened to curb tax evasion. Read Full Story

New Tax Year Concept

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Retained Key Provisions

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Streamlined Deductions

[{"selector":"#anim-b1e2f610-d452-4a3e-9a3c-c1d0f4260475 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Standard deduction, gratuity, and leave encashment now tabulated in one place. Read Full Story

Focus on Transparency

[{"selector":"#anim-ddcc7582-f1e6-4755-aa22-bddc37351795 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Simplified rules aim to boost compliance and reduce litigation. Read Full Story

Timeline for Rollout

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Impact on Taxpayers

Easier compliance, faster refunds, and clearer rules for individuals and businesses. Read Full Story