Central Government notifies Finance Act 2025 [Read Act]

The Ministry of Law and Justice under the Government of India has notified the Finance Act 2025.

The Finance Act, enacted by India’s Parliament and signed into law by the President today, seeks to make changes in income-tax rates for the financial year 2025-2026. It proposes multiple tax reliefs for taxpayers and amends various enactments.

Key changes include changes to income-tax rates, a new tax rate of 25% introduced under new tax regime, limit of standard dedduction and marginal relief increased, tax rebate limit under section 87A increased, basic exemption limit increased and many more.

The Finance Act promotes compliance, clarifies tax rates, and implements steps to improve tax administration and ease of doing business.

The Finance Act Reads as follows:

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