Economy-UPSC notes

Income Tax Act, 1961 vs Income Tax Act, 2025 - UPSC notes

C omparative table for Income Tax Act, 1961 vs Income Tax Act, 2025 for quick revision Read: New Income Tax Act 2025 - Economy UPSC Notes Aspect Income Tax Act, 1961 Income Tax Act, 2025 Notes / Implications Objective Direct tax law for India; gradually amended over decades Modernize, simplify, and streamline tax laws; align with digital economy Focus on clarity, compliance, and efficiency Effective Date 1 April 1962 1 April 2026 2025 Act will replace 1961 Act from this date Number of Sections 819 536 Reduced to simplify and remove redundancies Number of Chapters 47 23 Consolidation of provisions Language & Structure Technical, complex legal language Simpler and easier to understand Aims to reduce compliance burden Tax Rates As per annual budget Existing rates unchanged; future changes via budget No immediate change in rates for taxpayers MAT / AMT Combined provisions; sometimes confusing Separated for clarity Easier compliance for companies Faceless Assessment Not mandated Mandatory faceless system Reduces human inte…

Post a Comment

<script type="text/javascript" src="https://www.blogger.com/static/v1/widgets/1350801215-widgets.js"></script>
<script type='text/javascript'>
window['__wavt'] = 'AOuZoY599k7pXPpY5ACiLtjUUpzwlSJphg:1766270365940';_WidgetManager._Init('//draft.blogger.com/rearrange?blogID\x3d1451772555531242736','//targetiaskannada.blogspot.com/2025/09/income-tax-act-1961-vs-income-tax-act-2025.html?amp\x3d1','1451772555531242736');
_WidgetManager._SetDataContext([{'name': 'blog', 'data': {'blogId': '1451772555531242736', 'title': 'Target IAS Kannada', 'url': 'https://targetiaskannada.blogspot.com/2025/09/income-tax-act-1961-vs-income-tax-act-2025.html?amp\x3d1', 'canonicalUrl': 'https://targetiaskannada.blogspot.com/2025/09/income-tax-act-1961-vs-income-tax-act-2025.html', 'homepageUrl': 'https://targetiaskannada.blogspot.com/?amp\x3d1', 'searchUrl': 'https://targetiaskannada.blogspot.com/search', 'canonicalHomepageUrl': 'https://targetiaskannada.blogspot.com/', 'blogspotFaviconUrl': 'https://targetiaskannada.blogspot.com/favicon.ico', 'bloggerUrl': 'https://draft.blogger.com', 'hasCustomDomain': false, 'httpsEnabled': true, 'enabledCommentProfileImages': true, 'gPlusViewType': 'FILTERED_POSTMOD', 'adultContent': false, 'analyticsAccountNumber': 'G-6FBLE4DY0T', 'analytics4': true, 'encoding': 'UTF-8', 'locale': 'en-GB', 'localeUnderscoreDelimited': 'en_gb', 'languageDirection': 'ltr', 'isPrivate': false, 'isMobile': false, 'isMobileRequest': false, 'mobileClass': '', 'isPrivateBlog': false, 'isDynamicViewsAvailable': true, 'feedLinks': '\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Target IAS Kannada - Atom\x22 href\x3d\x22https://targetiaskannada.blogspot.com/feeds/posts/default\x22 /\x3e\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/rss+xml\x22 title\x3d\x22Target IAS Kannada - RSS\x22 href\x3d\x22https://targetiaskannada.blogspot.com/feeds/posts/default?alt\x3drss\x22 /\x3e\n\x3clink rel\x3d\x22service.post\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Target IAS Kannada - Atom\x22 href\x3d\x22https://draft.blogger.com/feeds/1451772555531242736/posts/default\x22 /\x3e\n\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Target IAS Kannada - Atom\x22 href\x3d\x22https://targetiaskannada.blogspot.com/feeds/1549873687829627001/comments/default\x22 /\x3e\n', 'meTag': '', 'adsenseClientId': 'ca-pub-1731467504659913', 'adsenseHostId': 'ca-host-pub-1556223355139109', 'adsenseHasAds': true, 'adsenseAutoAds': true, 'boqCommentIframeForm': true, 'loginRedirectParam': '', 'view': '', 'dynamicViewsCommentsSrc': '//www.blogblog.com/dynamicviews/4224c15c4e7c9321/js/comments.js', 'dynamicViewsScriptSrc': '//www.blogblog.com/dynamicviews/a1953300ad44fba0', 'plusOneApiSrc': 'https://apis.google.com/js/platform.js', 'disableGComments': true, 'interstitialAccepted': false, 'sharing': {'platforms': [{'name': 'Get link', 'key': 'link', 'shareMessage': 'Get link', 'target': ''}, {'name': 'Facebook', 'key': 'facebook', 'shareMessage': 'Share to Facebook', 'target': 'facebook'}, {'name': 'BlogThis!', 'key': 'blogThis', 'shareMessage': 'BlogThis!', 'target': 'blog'}, {'name': 'X', 'key': 'twitter', 'shareMessage': 'Share to X', 'target': 'twitter'}, {'name': 'Pinterest', 'key': 'pinterest', 'shareMessage': 'Share to Pinterest', 'target': 'pinterest'}, {'name': 'Email', 'key': 'email', 'shareMessage': 'Email', 'target': 'email'}], 'disableGooglePlus': true, 'googlePlusShareButtonWidth': 0, 'googlePlusBootstrap': '\x3cscript type\x3d\x22text/javascript\x22\x3ewindow.___gcfg \x3d {\x27lang\x27: \x27en_GB\x27};\x3c/script\x3e'}, 'hasCustomJumpLinkMessage': false, 'jumpLinkMessage': 'Read more', 'pageType': 'item', 'postId': '1549873687829627001', 'pageName': 'Income Tax Act, 1961 vs Income Tax Act, 2025 - UPSC notes', 'pageTitle': 'Target IAS Kannada: Income Tax Act, 1961 vs Income Tax Act, 2025 - UPSC notes', 'metaDescription': ''}}, {'name': 'features', 'data': {}}, {'name': 'messages', 'data': {'edit': 'Edit', 'linkCopiedToClipboard': 'Link copied to clipboard', 'ok': 'Ok', 'postLink': 'Post link'}}, {'name': 'template', 'data': {'name': 'custom', 'localizedName': 'Custom', 'isResponsive': true, 'isAlternateRendering': false, 'isCustom': true}}, {'name': 'view', 'data': {'classic': {'name': 'classic', 'url': '?view\x3dclassic'}, 'flipcard': {'name': 'flipcard', 'url': '?view\x3dflipcard'}, 'magazine': {'name': 'magazine', 'url': '?view\x3dmagazine'}, 'mosaic': {'name': 'mosaic', 'url': '?view\x3dmosaic'}, 'sidebar': {'name': 'sidebar', 'url': '?view\x3dsidebar'}, 'snapshot': {'name': 'snapshot', 'url': '?view\x3dsnapshot'}, 'timeslide': {'name': 'timeslide', 'url': '?view\x3dtimeslide'}, 'isMobile': false, 'title': 'Income Tax Act, 1961 vs Income Tax Act, 2025 - UPSC notes', 'description': '', 'url': 'https://targetiaskannada.blogspot.com/2025/09/income-tax-act-1961-vs-income-tax-act-2025.html?amp\x3d1', 'type': 'item', 'isSingleItem': true, 'isMultipleItems': false, 'isError': false, 'isPage': false, 'isPost': true, 'isHomepage': false, 'isArchive': false, 'isLabelSearch': false, 'postId': 1549873687829627001}}, {'name': 'widgets', 'data': [{'title': 'Target IAS Kannada (Header)', 'type': 'Header', 'sectionId': 'sec_Header_Title', 'id': 'Header01'}, {'title': 'Looking for something?', 'type': 'BlogSearch', 'sectionId': 'sec_Header_Search', 'id': 'BlogSearch01'}, {'title': 'Header Icon', 'type': 'TextList', 'sectionId': 'sec_Header_Icon', 'id': 'TextList01'}, {'title': 'Contributors', 'type': 'Profile', 'sectionId': 'sec_Header_Icon', 'id': 'Profile01'}, {'title': 'Bookmark Posts', 'type': 'LinkList', 'sectionId': 'sec_Header_Icon', 'id': 'LinkList02'}, {'title': 'Translate', 'type': 'LinkList', 'sectionId': 'sec_Header_Icon', 'id': 'LinkList03'}, {'title': 'Navigation Menu', 'type': 'HTML', 'sectionId': 'sec_Nav_Widgets_1', 'id': 'HTML01'}, {'title': 'Additional Links', 'type': 'PageList', 'sectionId': 'sec_Nav_Widgets_2', 'id': 'PageList02'}, {'title': 'Social Links', 'type': 'LinkList', 'sectionId': 'sec_Nav_Widgets_2', 'id': 'LinkList04'}, {'title': 'Tabbed Menu', 'type': 'LinkList', 'sectionId': 'sec_Under_Header', 'id': 'LinkList05'}, {'title': 'Notification', 'type': 'LinkList', 'sectionId': 'sec_Under_Header', 'id': 'LinkList06'}, {'title': 'Labels Description', 'type': 'LinkList', 'sectionId': 'sec_Under_Header', 'id': 'LinkList07'}, {'title': 'Under Header Ad', 'type': 'LinkList', 'sectionId': 'sec_Horizontal-Ad', 'id': 'LinkList81'}, {'title': 'Carousel Image 02 [NoTitle]', 'type': 'Image', 'sectionId': 'sec_Carousel', 'id': 'Image02'}, {'title': 'Above Pinned Post Ad', 'type': 'LinkList', 'sectionId': 'sec_Top_Widgets', 'id': 'LinkList82'}, {'title': 'Above Posts Ad [Desktop]', 'type': 'LinkList', 'sectionId': 'sec_Main_Widgets', 'id': 'LinkList83'}, {'title': 'Blog Posts', 'type': 'Blog', 'sectionId': 'sec_Main_Widgets', 'id': 'Blog01', 'posts': [{'id': '1549873687829627001', 'title': 'Income Tax Act, 1961 vs Income Tax Act, 2025 - UPSC notes', 'showInlineAds': false}], 'footerBylines': [{'regionName': 'footer1', 'items': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'icons', 'label': ''}, {'name': 'share', 'label': ''}]}, {'regionName': 'footer2', 'items': [{'name': 'labels', 'label': 'in'}]}, {'regionName': 'footer3', 'items': [{'name': 'location', 'label': 'Location:'}]}], 'allBylineItems': [{'name': 'author', 'label': 'Published by'}, {'name': 'timestamp', 'label': 'On'}, {'name': 'comments', 'label': 'Comment'}, {'name': 'icons', 'label': ''}, {'name': 'share', 'label': ''}, {'name': 'labels', 'label': 'in'}, {'name': 'location', 'label': 'Location:'}]}, {'title': 'Categorized Posts', 'type': 'LinkList', 'sectionId': 'sec_Main_Widgets', 'id': 'LinkList08'}, {'title': 'Post Middle Ads', 'type': 'LinkList', 'sectionId': 'sec_Main_Widgets', 'id': 'LinkList84'}, {'title': 'Table of contents', 'type': 'HTML', 'sectionId': 'sec_Main_Widgets', 'id': 'HTML11'}, {'title': 'Below Posts Ad', 'type': 'LinkList', 'sectionId': 'sec_Bottom_Widgets', 'id': 'LinkList85'}, {'title': 'Popular Posts', 'type': 'PopularPosts', 'sectionId': 'sec_Side_Widgets', 'id': 'PopularPosts01', 'posts': [{'title': 'Bihar Special Intensive Revision (SIR) of Electoral Rolls \u2013 (2025)', 'id': 7839654145190798876}, {'title': 'TN Bill Assent Crisis: The Article 143 Presidential Reference Explained', 'id': 5203872960650787531}, {'title': 'Complete Polity Notes for UPSC - Lakshmikanth Notes', 'id': 2515054049018549188}, {'title': 'The Pala Empire (750-1161 AD) - UPSC notes', 'id': 1012046217452249217}, {'title': 'Laffer Curve \u2013 Economy UPSC Notes', 'id': 7588649386140200698}]}, {'title': 'Labels', 'type': 'Label', 'sectionId': 'sec_Side_Widgets', 'id': 'Label01'}, {'title': 'Sticky Ad [Desktop]', 'type': 'LinkList', 'sectionId': 'sec_Side_Sticky', 'id': 'LinkList86'}, {'title': 'Take me back', 'type': 'HTML', 'sectionId': 'sec_Error_404', 'id': 'HTML404'}, {'title': 'Target IAS Kannada', 'type': 'Image', 'sectionId': 'sec_Footer_Organization', 'id': 'Image21'}, {'title': 'Social Media Links', 'type': 'LinkList', 'sectionId': 'sec_Footer_Organization', 'id': 'LinkList21'}, {'title': 'Complete Notes', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList22'}, {'title': 'Books', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList23'}, {'title': 'Support', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList24'}, {'title': 'Company', 'type': 'LinkList', 'sectionId': 'sec_Footer_Widgets', 'id': 'LinkList25'}, {'title': 'Credit', 'type': 'HTML', 'sectionId': 'sec_Footer_Bottom', 'id': 'HTML21'}, {'title': 'Mobile Menu', 'type': 'TextList', 'sectionId': 'sec_Mobile_Menu', 'id': 'TextList99'}, {'title': 'Labels', 'type': 'Label', 'sectionId': 'sec_Theme_Hidden', 'id': 'Label41'}, {'title': 'Contact Form', 'type': 'ContactForm', 'sectionId': 'sec_Theme_Hidden', 'id': 'ContactForm41'}, {'title': 'Pageviews last month', 'type': 'Stats', 'sectionId': 'sec_Theme_Hidden', 'id': 'Stats41'}, {'title': 'Firebase Configurations', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList61'}, {'title': 'Progressive Web App', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList62'}, {'title': 'Cookie Consent [NoTitle]', 'type': 'LinkList', 'sectionId': 'sec_Addon_Widgets', 'id': 'LinkList63'}, {'title': 'Image Uploader', 'type': 'Image', 'sectionId': 'sec_Addon_Widgets', 'id': 'Image61'}]}]);
_WidgetManager._RegisterWidget('_HeaderView', new _WidgetInfo('Header01', 'sec_Header_Title', document.getElementById('Header01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogSearchView', new _WidgetInfo('BlogSearch01', 'sec_Header_Search', document.getElementById('BlogSearch01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList01', 'sec_Header_Icon', document.getElementById('TextList01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ProfileView', new _WidgetInfo('Profile01', 'sec_Header_Icon', document.getElementById('Profile01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList02', 'sec_Header_Icon', document.getElementById('LinkList02'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList03', 'sec_Header_Icon', document.getElementById('LinkList03'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML01', 'sec_Nav_Widgets_1', document.getElementById('HTML01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PageListView', new _WidgetInfo('PageList02', 'sec_Nav_Widgets_2', document.getElementById('PageList02'), {'title': 'Additional Links', 'links': [{'isCurrentPage': false, 'href': '/p/sitemap.html', 'title': 'Sitemap'}, {'isCurrentPage': false, 'href': '/p/contact-us.html', 'title': 'Contact Us'}, {'isCurrentPage': false, 'href': '/p/about-us.html', 'title': 'About Us'}], 'mobile': false, 'showPlaceholder': true, 'hasCurrentPage': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList04', 'sec_Nav_Widgets_2', document.getElementById('LinkList04'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList05', 'sec_Under_Header', document.getElementById('LinkList05'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList06', 'sec_Under_Header', document.getElementById('LinkList06'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList07', 'sec_Under_Header', document.getElementById('LinkList07'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList81', 'sec_Horizontal-Ad', document.getElementById('LinkList81'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image02', 'sec_Carousel', document.getElementById('Image02'), {'resize': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList82', 'sec_Top_Widgets', document.getElementById('LinkList82'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList83', 'sec_Main_Widgets', document.getElementById('LinkList83'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_BlogView', new _WidgetInfo('Blog01', 'sec_Main_Widgets', document.getElementById('Blog01'), {'cmtInteractionsEnabled': false}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList08', 'sec_Main_Widgets', document.getElementById('LinkList08'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList84', 'sec_Main_Widgets', document.getElementById('LinkList84'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML11', 'sec_Main_Widgets', document.getElementById('HTML11'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList85', 'sec_Bottom_Widgets', document.getElementById('LinkList85'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_PopularPostsView', new _WidgetInfo('PopularPosts01', 'sec_Side_Widgets', document.getElementById('PopularPosts01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LabelView', new _WidgetInfo('Label01', 'sec_Side_Widgets', document.getElementById('Label01'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList86', 'sec_Side_Sticky', document.getElementById('LinkList86'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML404', 'sec_Error_404', document.getElementById('HTML404'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image21', 'sec_Footer_Organization', document.getElementById('Image21'), {'resize': true}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList21', 'sec_Footer_Organization', document.getElementById('LinkList21'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList22', 'sec_Footer_Widgets', document.getElementById('LinkList22'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList23', 'sec_Footer_Widgets', document.getElementById('LinkList23'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList24', 'sec_Footer_Widgets', document.getElementById('LinkList24'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList25', 'sec_Footer_Widgets', document.getElementById('LinkList25'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_HTMLView', new _WidgetInfo('HTML21', 'sec_Footer_Bottom', document.getElementById('HTML21'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_TextListView', new _WidgetInfo('TextList99', 'sec_Mobile_Menu', document.getElementById('TextList99'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LabelView', new _WidgetInfo('Label41', 'sec_Theme_Hidden', document.getElementById('Label41'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ContactFormView', new _WidgetInfo('ContactForm41', 'sec_Theme_Hidden', document.getElementById('ContactForm41'), {'contactFormMessageSendingMsg': 'Sending...', 'contactFormMessageSentMsg': 'Your message has been sent.', 'contactFormMessageNotSentMsg': 'Message could not be sent. Please try again later.', 'contactFormInvalidEmailMsg': 'A valid email address is required.', 'contactFormEmptyMessageMsg': 'Message field cannot be empty.', 'title': 'Contact Form', 'blogId': '1451772555531242736', 'contactFormNameMsg': 'Name', 'contactFormEmailMsg': 'Email', 'contactFormMessageMsg': 'Message', 'contactFormSendMsg': 'Send', 'contactFormToken': 'AOuZoY66mQylPZ1pZ0j02hQMUIPQqGHguQ:1766270365940', 'submitUrl': 'https://draft.blogger.com/contact-form.do'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_StatsView', new _WidgetInfo('Stats41', 'sec_Theme_Hidden', document.getElementById('Stats41'), {'title': 'Pageviews last month', 'showGraphicalCounter': false, 'showAnimatedCounter': false, 'showSparkline': true, 'statsUrl': '//targetiaskannada.blogspot.com/b/stats?amp\x3d1\x26style\x3dBLACK_TRANSPARENT\x26timeRange\x3dLAST_WEEK\x26token\x3dAPq4FmBnQL7j8J0nW_ihYNIZUFKnwCvOphGFiAxmRmpux4y4KBDCG6sdDZARIaaOXdN1z3cfmxGqZYiI26U7Hhr6Z4WkfxI9YQ'}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList61', 'sec_Addon_Widgets', document.getElementById('LinkList61'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList62', 'sec_Addon_Widgets', document.getElementById('LinkList62'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList63', 'sec_Addon_Widgets', document.getElementById('LinkList63'), {}, 'displayModeFull'));
_WidgetManager._RegisterWidget('_ImageView', new _WidgetInfo('Image61', 'sec_Addon_Widgets', document.getElementById('Image61'), {'resize': false}, 'displayModeFull'));
</script>
</body>