Income Tax Act 2025: No Immediate Change in Slabs or Rates from April 1

• The new Income Tax Act, 2025, comes into effect from April 1, replacing the six-decade-old 1961 Act.
• Its primary aim is to simplify and modernize India's direct tax framework, not to alter existing tax slabs or rates.
• Taxpayers will not see immediate changes in tax slabs or rates; current rates under both old and new regimes will continue.
• The new tax regime will be the default option for FY 2025-26, though salaried individuals can still opt for the old regime when filing returns.
• The Act seeks to streamline the law, remove outdated provisions, and use simpler language to improve clarity and compliance.