New tax utility helps navigate India's income tax overhaul.

New tax utility helps navigate India's income tax overhaul.
India's Income Tax Act is undergoing a major overhaul. The new Income Tax Act, 2025 will replace the 61-year-old Income Tax Act, 1961, effective April 1, 2026. To help taxpayers understand this transition, the Income Tax Department has launched an online comparison tool that maps old sections to new ones side-by-side. This utility allows you to compare provisions and understand exactly what has changed in the tax laws. The tool simplifies the process of learning about new requirements and helps you make informed decisions before filing your taxes under the new framework.