{"id":2346,"date":"2026-10-13T21:10:35","date_gmt":"2026-10-13T15:40:35","guid":{"rendered":"https:\/\/www.tiwaripedia.com\/index.php\/2026\/10\/13\/income-tax-act-2025-explained\/"},"modified":"2026-10-13T21:18:19","modified_gmt":"2026-10-13T15:48:19","slug":"income-tax-act-2025-explained","status":"publish","type":"post","link":"https:\/\/www.tiwaripedia.com\/index.php\/2026\/10\/13\/income-tax-act-2025-explained\/","title":{"rendered":"Income Tax Act 2025 Explained: What Changed From 1 April 2026 (Tax Year, New Sections)"},"content":{"rendered":"

Last updated: October 2026 \u00b7 3 min read<\/em><\/p>\n

India’s income tax law has been rewritten. The Income-tax Act, 2025<\/b> replaced the 64-year-old Income-tax Act, 1961 from 1 April 2026<\/b>. The aim is simpler language and structure, not new taxes. Here is what changed for ordinary taxpayers.<\/p>\n

\"Infographic:
Income Tax Act 2025 Explained: What Changed From 1 April 2026 (Tax Year, New Sections) \u2013 infographic by Tiwaripedia<\/figcaption><\/figure>\n

Key changes at a glance<\/h2>\n
Topic<\/th>Old Act (1961)<\/th>New Act (2025)<\/th><\/tr><\/thead>
In force<\/td>1962-31 March 2026<\/td>From 1 April 2026<\/td><\/tr>
Year concept<\/td>Previous Year + Assessment Year<\/td>Single “Tax Year”<\/td><\/tr>
Size<\/td>700+ sections<\/td>536 sections, 23 chapters, 16 schedules<\/td><\/tr>
Language<\/td>Many provisos and explanations<\/td>Simpler, with tables and formulas<\/td><\/tr>
TDS provisions<\/td>Sections 192-194T spread out<\/td>Consolidated in a single section with tables<\/td><\/tr><\/tbody><\/table><\/figure>\n

The “tax year”<\/h2>\n

Earlier, income earned in a financial year (Previous Year) was assessed in the next year (Assessment Year), which confused many people. Now, income earned from 1 April 2026 to 31 March 2027 belongs to Tax Year 2026-27<\/b>.<\/p>\n

New section numbers you will see<\/h2>\n
Benefit<\/th>Old section<\/th>New section (2025 Act)<\/th><\/tr><\/thead>
PPF, ELSS, LIC, EPF etc.<\/td>80C<\/td>123<\/td><\/tr>
NPS contributions<\/td>80CCD<\/td>124<\/td><\/tr>
Health insurance<\/td>80D<\/td>126<\/td><\/tr>
Education loan interest<\/td>80E<\/td>129<\/td><\/tr>
Donations<\/td>80G<\/td>133<\/td><\/tr>
Savings interest<\/td>80TTA<\/td>153<\/td><\/tr>
Rebate<\/td>87A<\/td>156<\/td><\/tr>
New tax regime<\/td>115BAC<\/td>202<\/td><\/tr>
Home loan interest<\/td>24(b)<\/td>22<\/td><\/tr>
Filing of return<\/td>139<\/td>263<\/td><\/tr><\/tbody><\/table><\/figure>

Section numbers are as reported in official summaries and tax publications; check the Income Tax Department’s mapping utility for exact references.<\/em><\/p>\n

What has not changed<\/h2>\n