Income-tax Act, 2025
| Income-tax Act, 2025 | |
|---|---|
| Parliament of India | |
| |
| Citation | Act. No. 30 of 2025 |
| Territorial extent | India |
| Passed by | Lok Sabha |
| Passed | 11 August 2025 |
| Passed by | Rajya Sabha |
| Passed | 12 August 2025 |
| Assented to by | President Droupadi Murmu |
| Assented to | 21 August 2025 |
| Commenced | Will come into force from 1st April 2026 |
| Legislative history | |
| First chamber: Lok Sabha | |
| Bill title | Income-tax (No. 2) Bill, 2025 |
| Bill citation | Bill No. 104 of 2025 |
| Introduced by | Nirmala Sitharaman Minister of Finance, Minister of Corporate Affairs |
| Introduced | 11 August 2025 |
| Passed | 11 August 2025 |
| Second chamber: Rajya Sabha | |
| Passed | 12 August 2025 |
| Repeals | |
| Income-tax Act, 1961 | |
| Status: Not yet in force | |
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legislature, enacted_by.The Income-tax Act, 2025 is the charging statute of income tax in India. It contains 536 sections across 23 chapters and 16 schedules, aiming to modernise the country’s direct tax system, simplify compliance, and reduce litigation.
The revised bill was tabled on 11 August 2025 following the withdrawal of an earlier version introduced in February 2025, and became law upon receiving Presidential assent on 21 August 2025.