Income Tax
Income Tax in India
New-regime slabs, every form and deadline, and the Income Tax Act 2025 — in plain English. No jargon. No fine print.
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Act 2025 Explained
536 sections · 16 schedules · In force 1 Apr 2026
The Income Tax Act 2025 in plain English — what replaced the old law on 1 April 2026, and how the new regime works.
Income Tax Rules 2026
Rules 2026 · Circulars · Notifications
The Income-tax Rules, 2026, notifications, and circulars that show how the Income Tax Act 2025 works in practice.
Forms & Returns
ITR-1 to ITR-7 · Form 16 · 26AS · AIS
ITR-1 through ITR-7, Form 16, Form 16A, 26AS, AIS, and every tax form with step-by-step filing guidance.
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Frequently asked questions
- What changed with the Income Tax Act 2025?
- The Income Tax Act 2025 replaced the earlier income tax law on 1 April 2026 and applies from tax year 2026-27 onwards. It has 536 sections and 16 schedules instead of 819 and 14, the wording is plainer, and the new tax regime is the default for everyone.
- What is Form 16 and why does it matter?
- Form 16 is a TDS certificate your employer issues showing your salary, deductions, and the tax deducted and deposited on your behalf. It has two parts: Part A (TDS details) and Part B (salary breakup). You need it to file your ITR.
- What are the new regime slabs for tax year 2026-27?
- Under the new regime: up to ₹4 lakh — nil, ₹4–8 lakh — 5%, ₹8–12 lakh — 10%, ₹12–16 lakh — 15%, ₹16–20 lakh — 20%, ₹20–24 lakh — 25%, above ₹24 lakh — 30%. Data verified 7 October 2026 against the Income Tax Department's tax-rates page.
Sources
Sources: Income Tax Act 2025 · Income Tax Department tax-rates page and new-act guidance (verified 2026-10-07) · CBDT circulars. Last reviewed by FinWiz24 Research Desk.