India, Aug. 23 -- New Delhi The Income-Tax Act, 2025 that received assent of President Droupadi Murmu on Wednesday will come into force on April 1, 2026, a government notification said.

"The Income-tax Act, 2025 has received the Hon'ble President's assent on 21st Aug 2025. A landmark reform replacing the 1961 Act, it ushers in a simpler, transparent & compliance-friendly direct tax regime," the Income-Tax Department said in a post on X.

The new law will replace the decades old Income-Tax Act, 1961, with a modern and simpler version to enhance ease of compliance. The Lok Sabha had passed the bill on August 11 and the Rajya Sabha returned the bill without any amendments the next day.

Speaking in the Rajya Sabha about the legislation on A...