Income Tax News: Great news has arrived for middle-class salaried taxpayers. The central government is set to streamline the entire income tax process. This change will relieve you from tedious forms and intricate calculations. In fact, Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal announced that the new income tax framework will take effect from April 1, 2026. This will significantly assist salaried taxpayers, allowing them to file their pre-filled returns directly.
Income Tax Act, 2025 is completely prepared
For many decades, we have adhered to the old Income Tax Act of 1961. Although it has seen numerous amendments over the years, its complexity remains. Finance Minister Nirmala Sitharaman pledged a thorough review of this legislation in July 2024, which was accomplished in record time. Following Presidential approval in August, the Income Tax Act 2025 is now fully prepared. CBDT Chairman Ravi Agarwal stated that the government has crafted the new rules and return forms in very straightforward language. The primary goal is to make tax filing easier.
Removal of unnecessary complications.
Tax experts argue that even with the introduction of pre-filled returns in 2019-20, technical issues and complicated forms forced individuals to manually verify their data. However, the new system leverages modern technology. Now, the forms provided to the salaried class will already include accurate details of their income, investments, and tax deductions. Chairman Agarwal clarified that unnecessary complexities were eliminated during the design of the new forms, concentrating solely on information pertinent to the department.
Feedback sought from the public
The government has publicly released drafts of the new rules and forms and is seeking feedback and suggestions from stakeholders. This process is expected to be completed by the first week of March, after which a final notification will be issued. The Finance Minister also emphasized during his budget speech on February 1st that taxpayers would be given sufficient time to understand the new rules before they come into effect.









