Archive · 22 Aug 2025
New Income Tax Act to Replace Older Law
The government is changing the income tax rules with a new law called the Income-tax Act, 2025.
The President has said it is okay.
This new law replaces the old one from 1961.
The goal is to make taxes easier to understand and to reduce tax disputes.
There is tax relief for certain pension plans.
The new tax law will include changes made to the laws up until 2025.
The Income-tax Act, 2025, will replace the Income-tax Act, 1961.
President Droupadi Murmu approved the new Act.
The new Act aims to minimize tax litigation.
Unified Pension Scheme (UPS) subscribers will receive tax relief.
The new law incorporates all amendments up to 2025.
- Who
- President Droupadi Murmu and the Income Tax Department.
- What
- The Income-tax Act, 2025, will replace the Income-tax Act, 1961.
- When
- The Act will come into force on April 1, replacing the old law.
- Where
- India
- Why
- To simplify and update the income tax framework and minimize litigation.
- New Act
- Income-tax Act, 2025
- Replaces
- Income-tax Act, 1961
- Presidential Assent
- Thursday
- Implementation Date
- April 1
- Aim
- Minimize litigation
