Income Tax 2026: 10 Key Changes You Must Know
India's new Income Tax Act 2025 replaces the old system from April 1, 2026. Key changes: single tax year, stricter HRA rules, PAN mandatory above ₹10 lakh, share buybacks taxed as capital gains, SGB exemptions limited, ITR deadline extended to August 31, no interest deductions on dividends, and higher children’s education allowance.