New Delhi, Feb. 24 -- The Central Board of Direct Taxes (CBDT) put out the Draft Income Tax Rules, 2026 in January 2026 and encouraged individuals to provide their comments on them until February 22, 2026. The window for submitting comments has now closed. These suggested rules don't just affect things a little bit. They made it possible for the new Income Tax Act of 2025 to go into effect. The 1961 Act will be replaced by this law, which will go into effect on April 1, 2026.

These rules are part of a bigger plan to modernise India's income tax system by changing how individuals think about it, understand it, and pay it. A lot of people might not notice the changes right away.

India has had the Income Tax Act since 1961. But since then,...