President Assents to the Income-tax Bill, 2025 — Now the Income-tax Act, 2025
- FIEA
- Aug 21, 2025
- 1 min read
Date: 21 August 2025 | Location: New Delhi
Update: The President of India has given assent to the Income-tax Bill, 2025, which now becomes the Income-tax Act, 2025. The assent is recorded on the Rashtrapati Bhavan’s official “Central Bills” page.
What’s official now
Short title & commencement: The law is titled the Income-tax Act, 2025 and is slated to come into force on 1 April 2026, unless specific provisions are brought into force earlier.
Purpose & approach: The Act replaces the Income-tax Act, 1961 to simplify language and structure without altering core tax policy or rates.
What it means for taxpayers & businesses
FY 2025-26 continues under the 1961 Act; the new Act applies from 1 April 2026 (Tax Year concept), unless notified otherwise. Plan system and documentation updates accordingly.
Rates/regimes unchanged: No change to personal or corporate tax rates/regimes in the new law itself; the focus is on simplification and re-organization.
Next steps to watch: CBDT rules, notifications, and transition guidance aligning forms, procedures, and references to the 2025 Act.
📜 Check official Link here:
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