Plain-language summaries of India's key tax and corporate laws — find any section fast, understand it in seconds, and confirm with the official text.
Income-tax Act, 2025 (No. 30 of 2025), as amended by the Finance Act, 2026 — the new consolidated income-tax law that replaces the Income-tax Act, 1961 with effect from 1 April 2026 (Tax Year 2026-27). Browse all sections below, each with the official text; plain-language summaries are being added.
The principal law governing the taxation of income in India. It applies for financial years up to and including FY 2025-26 (AY 2026-27), after which it is replaced by the Income-tax Act, 2025. Below are plain-language summaries of the most-referenced sections.