New Tax Rules From 1st April - 19 Key Changes

CS Lalit Rajput | Last updated: 03 April 2026

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Starting April 1, 2026, India's Income-tax Act of 1961 is replaced by the Income-tax Act, 2025, introducing significant structural and procedural changes. Key updates include the replacement of the Financial Year/Assessment Year system with a single 'Tax Year,' stricter HRA claim rules, increased exemptions for salaried employees, and new tax treatments for investors on share buybacks and Sovereign Gold Bonds. The act also mandates PAN for high-value transactions and updates reporting requirements for banking and credit card activities.

As the calendar turns to April 1, 2026, the Indian financial landscape marks the end of an era. The six-decade-old Income-tax Act of 1961 has been officially replaced by the Income-tax Act, 2025. This transition represents more than just a name change; it is a structural modernization of how taxpayers, particularly salaried professionals and investors, interact with the state. Summary of the 19 key changes categorized by their impact on salaried individuals and investors 1. Fundamental Struc

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

CS Lalit Rajput

Company Secretary

Company Secretary having 8+ years of post qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms and LLP. Have a keen interest in the Corporate Governance and Compliance Management and the soaring craving to learn everyday. A ... Read more

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