New Income Tax Act from April 1, 2026: Know What Changes for Taxpayers

• New Income Tax Act 2025 to replace the 1961 Act from April 1, 2026, bringing significant changes for taxpayers.
• Updated procedures, new forms, and extensive use of technology for assessment and data handling will be introduced.
• The law emphasizes convenience, support, and voluntary compliance through frameworks like NUDGE.
• Taxpayers must monitor official notifications, organize financial documents, and seek expert guidance for compliance.
• Objective is to simplify tax administration, align with modern processes, and offer greater clarity and easier filing.

Why It Matters: New Income Tax Act 2025 from April 1, 2026, aims to simplify tax compliance with tech and new procedures.