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.

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.

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