Income Tax Act, 2025

Income-Tax Act 2025 is the definitive, fully annotated text of India’s landmark Income-tax Act 2025—the successor legislation to the Income-tax Act 1961—as further amended by the Finance Act 2026. This is Taxmann’s flagship publication, now in its 73^rd Edition, and represents over six decades of unbroken editorial continuity.

The Income-tax Act 2025 is the most consequential restructuring of Indian direct tax law in over six decades. It repeals and replaces the Income-tax Act, 1961—consolidating, rationalizing, and renumbering an entire body of law that had accumulated across nearly 300 amendments and countless provisos, explanations, and sub-clauses over 60 years. The 2025 Act restructures 298 sections of the old law into 535+ sections across 22 chapters, introducing logical sub-sectioning, tabular presentation of rates and conditions, cleaner definitional architecture, and a new concept of ‘tax year’ to replace the old ‘previous year/assessment year’ framework.

With over 1,500 pages, including five legislative instruments, three cross-reference tables, associated law provisions, and a comprehensive subject index—all centered around a fully annotated statutory text—this volume stands as the definitive single-volume reference on the Income-tax Act, 2025 for the Indian legal and tax community.