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Income Tax New Rules 2026: 7 Major Changes in Income Tax Act 2025 & ITR Filing Deadlines Effective April 1st

  Income Tax New Rules: If you file Income Tax Returns, this news is of immense importance to you. As of April 1st, the entire tax system in the country has undergone a transformation—changes that will have a direct impact on the common man's pocket. The Central Government has introduced several significant amendments to the Income Tax laws within the Union Budget 2026, the effects of which will be felt directly by the average citizen.   The primary objective of these changes is to simplify the tax-filing process; however, there are certain amendments that could potentially increase your expenses. Let us take a closer look at these 7 key changes.   1. New Income Tax Act to Come into Force The old Income Tax Act, which has been in force in the country since 1961, has now become history. From April 1st, the entirely new Income Tax Act, 2025, will come into effect. However, as a matter of relief, the government has not yet made any changes to the income tax slabs, and the ex...
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