Income Tax Act 1961 Vs Income Tax Act 2025 Comparison
The 60-year-old Income Tax Act of 1961 is officially being replaced by the New Income Tax Act, 2025, starting April 1, 2026. This landmark shift announced in Budget 2026 aims to cut down legal litigation by halving the number of sections and simplifying complex jargon. From the introduction of a unified 'Tax Year' to tax-free interest for accident victims, this article breaks down exactly how the new law differs from the old and what every taxpayer needs to know.




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