Income Tax Update Effective April 1: Key Benefits and Compliance Impact

We’ve reached a big moment for taxpayers. From April 1, 2026, several changes in Income Tax laws and rules take effect. These updates stem from the Income‑tax Act, 2025, which replaces the long‑standing 1961 law. The aim is simple: make income tax easier, fairer, and more modern. Whether you’re an individual taxpayer, a salaried employee, a freelancer, or running a business, these changes matter. They affect your tax filings, deductions, compliance process, and possible savings. Knowing them now helps you plan smartly and avoid mistakes.