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Draft new income tax rules -- set to replace the income tax rules of 2025 -- are set to take effect from April 1, 2026. A number of changes are expected as soon as the incoming norms take effect.&nbsp;

Draft Income Tax Rules 2026: Major changes likely in car perks, child education-linked allowances?

The Union Budget has clarified several aspects related to the rate of income tax through detailed FAQs issued by the government. The official document explains how income tax rates work under the new and old tax regimes, who is eligible, and how rebates and marginal relief operate. Here is a detailed explainer answering the key questions on income tax rates.

Budget 2026: Income tax rates explained – Who pays zero, Who gets relief, How new IT regime works

The New Income Tax Bill—or the new direct tax code—is part of the Narendra Modi administration’s ambitious goal of overhauling and simplifying the country’s existing tax structure in order to ease tax compliance for its growing tax base.&nbsp;

New Income Tax Law: Small business owners & professionals set to get relief, says sources

There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.&nbsp; &nbsp;

Income tax return filer base up 2.2 times in 10 years, 5 times growth in Rs 50 lakh-plus income category: Sources 

The revised regulations also maintain the inclusion of five valuation methods initially proposed in the draft rules for assessing funds received from non-resident sources.

Income Tax Department updates rules for startup equity valuation

income-tax-rules

Draft new income tax rules -- set to replace the income tax rules of 2025 -- are set to take effect from April 1, 2026. A number of changes are expected as soon as the incoming norms take effect. 

The Union Budget has clarified several aspects related to the rate of income tax through detailed FAQs issued by the government. The official document explains how income tax rates work under the new and old tax regimes, who is eligible, and how rebates and marginal relief operate. Here is a detailed explainer answering the key questions on income tax rates.

The New Income Tax Bill—or the new direct tax code—is part of the Narendra Modi administration’s ambitious goal of overhauling and simplifying the country’s existing tax structure in order to ease tax compliance for its growing tax base. 

There has been a significant increase in income tax compliance in the country with more than five-fold growth in the Rs 50 lakh-plus income category, according to sources.   

The revised regulations also maintain the inclusion of five valuation methods initially proposed in the draft rules for assessing funds received from non-resident sources.

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Income Tax Rules

Draft Income Tax Rules 2026: Major changes likely in car perks, child education-linked allowances?

Budget 2026: Income tax rates explained – Who pays zero, Who gets relief, How new IT regime works

New Income Tax Law: Small business owners & professionals set to get relief, says sources

Income tax return filer base up 2.2 times in 10 years, 5 times growth in Rs 50 lakh-plus income category: Sources

Income Tax Department updates rules for startup equity valuation

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