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New tax architecture signals shift toward simplicity and compliance-led growth
India’s 2025 tax revamp introduces a new Income Tax Act from April 1, alongside GST changes and upcoming duty reforms to simplify compliance and modernise taxation.
India has undertaken a major overhaul of its tax framework in 2025, setting the stage for a more streamlined and predictable system. A key milestone will be the implementation of the new Income Tax Act, 2025, from April 1, replacing the decades old 1961 law. The reforms follow earlier steps such as GST rate rationalisation and a higher income tax exemption threshold, aimed at boosting disposable income and compliance.