New Income Tax Act will come into effect on April 1, 2026: FM Sitharaman

During her Union Budget presentation on Sunday (February 1, 2026), Finance Minister Nirmala Sitharaman informed that the new Income Tax, 2025, would come into effect in April this year, with the forms and rules to be notified “shortly” provisioning “adequate time” for taxpayers to acquaint themselves with the requirements.  

Ms. Sitharaman also told the House that the forms have been redesigned such that ordinary citizens would be able to comply without any difficulty.