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Bureaucracy

Simpler Income Tax Act, 2025

Replaces 1961 Act from April 1, 2026, simplifying rules, retaining exemptions, and adding levies on cigarettes/pan masala. Zero tax up to INR 12L, with rebates for middle-class.

By Whispers in the Corridors 1 min read

Replaces 1961 Act from April 1, 2026, simplifying rules, retaining exemptions, and adding levies on cigarettes/pan masala. Zero tax up to INR 12L, with rebates for middle-class.

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Whispers in the Corridors

Reporting from the corridors of power.

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