Income Tax Act 2025 To Come Into Effect From April 1 Next Year — Does It Impose Any New Tax Rate?
New Delhi: The government has officially notified the Income Tax Act, 2025, which consolidates and amends the income tax law provisions, replacing the over six-decade-old Income Tax Act, 1961. The Act received the President’s assent on August 21, according to a gazette notification issued by the Ministry of Law and Justice. Will Your Tax Slab…