Income Tax Act 1961 vs 2025: List of new TDS forms and certificates every taxpayer, salaried employee needs to know
Mint 1 hr ago·28 Oct 2026, 5:04 am
The government has introduced the Income-tax Act, 2025, which will take effect from 1 April 2026. This new legislation updates the Income-tax Act, 1961, by introducing new form numbers for various tax-related filings. The changes aim to streamline the tax administration process and improve compliance.
For investors, this update is important as it will affect the tax compliance of salaried employees and individual taxpayers. The new forms are designed to simplify the process of filing tax returns and claiming deductions. Investors should be aware of these changes to ensure they are prepared for the new tax filing season.
What to watch next is the government's detailed guidelines and instructions on how to use the new forms. Investors should also keep an eye on any amendments or clarifications that may be issued to help taxpayers understand the new provisions. Staying informed will ensure smooth tax compliance and avoid any potential issues.
Excerpt from Mint
The Income-tax Act, 2025, has introduced new form numbers for several tax-related filings from 1 April 2026. From salaried employees to individual taxpayers, here are the key changes to know and what they mean for your tax compliance. The Income-tax Act, 2025, came into effect on 1 April 2026, replacing the Income-tax…Read the original at Mint
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