New Income Tax Law From April 1: Meal Card, ITR, PAN Changes You Must Know

Link-https://www.ndtv.com/india-news/new-income-tax-law-from-april-1-meal-card-itr-hra-pan-changes-you-must-know-11267674?pfrom=home-ndtv_topscroll. The government says that the new Act is not just a tax overhaul, but a law rewrite..

Your income tax slabs don't change. What changes is how income, deductions, salary, capital gains and disclosures are reported, verified and filed. From April 1, India's six-decade-old tax law, the Income-tax Act, 1961, will give way to the Income-tax Act, 2025. The government says this is not just a tax overhaul, but a law rewrite. Tax rates stay the same. Your income tax slabs don't change. What changes is how income, deductions, salary, capital gains and disclosures are reported, verified and filed.

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