Government notifies Finance Act, 2026 [Read Notification]:

Government notifies Finance Act, 2026 [Read Notification] The Ministry of Law and Justice under the Legislative Department has issued notification (No. 4 OF 2026) on March 30, 2026, notifying the Finance Act 2026 after receiving the President's approval. Parliament has passed a new law to implement the Central Government's financial proposals for the 2026-27 financial year. This act will be known as the Finance Act, 2026.

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The Act states that most of its provisions (Sections 2 to 129, clause (b) of Section 152, and Section 156) will come into force from April 1, 2026. Apart from this, it also includes (153 to 155), which will start later, on a date decided by the Central Government through an official notification.

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The Act also explains how income tax will be charged for the assessment year starting 1st April 2026. Taxes will be computed in accordance with the provisions of the Income-tax Act, 1961, applying the rates specified in the schedule annexed to the Finance Act. For more information, refer to the official notification