In a shocking, sweeping round of layoffs that took place on April 1, the tech giant shocked the entire industry by letting go of around 30,000 employees globally with just one cold email. What has drawn more attention is not just the scale of the cut altogether, but the profiles of those affected
Cole Tomas Allen parents: All we know as neighbor speaks out after WH shooting, ‘Very solid and…’Cole Tomas Allen, a Torrance resident, was identified as the suspect in a shooting incident at a gala in Washington, D.C. Updated on: Apr 27, 2026 4:36 PM IST By Shweta Kukreti Share via Copy link
Thirty students of Delhi University’s Hansraj College have been suspended in the past week for alleged violence and misconduct during an annual festival, and allegedly defaming the institute on social media, The Indian Express reported on Monday
The Jammu and Kashmir administration has declared Jamia Siraj-ul-Uloom, one of South Kashmir’s biggest seminaries, as an unlawful entity under the Unlawful Activities Prevention Act for alleged “covert linkages” with the banned group Jamaat-e-Islami, The Indian Express reported on Monday
Authorities in Jammu & Kashmir have declared Darul Uloom Jamia Siraj-ul-Uloom, one of Kashmir’s biggest educational seminaries in Imam Sahib area of Shopian district, an “unlawful entity" under the Unlawful Activities (Prevention) Act, 1967, over alleged links with the banned Jamaat-e-Islami
Olympic medallist and World Champion P. V. Sindhu has assumed a full voting position on the Council of the Badminton World Federation (BWF) following her election as Chair of the BWF Athletes' Commission, according to a release. Horsens: One of the most accomplished athletes in the history of
Axis Bank has reported a decline in employee headcount for FY26, with its total workforce falling by around 3,000 employees year-on-year. The private lender said the reduction was linked to higher productivity and efficiency gains arising from sustained investments in technology
West Bengal Election 2026: Polls in the state are a battle of narratives. Parties are using food and cultural symbols to connect with voters. The TMC emphasizes Bengali identity, while the BJP seeks to broaden its appeal. Both are navigating a complex electorate where cultural affinity meets
New Income Tax Rules Take Effect April 1: What Taxpayers Need To Know
New Income Tax Rules Take Effect April 1: What Taxpayers Need To Know
India's Income-tax Act, 2025 simplifies tax law with fewer sections, clearer rules, digital processes, and higher exemptions, effective April 2026.
New Income Tax Rules 2025: India is set to overhaul the direct taxation system with the introduction of New Income Tax Rules this year, aimed at simplifying the law, reducing disputes, and making compliance easier through clearer language and technology-driven processes.
The new Act, a comprehensive rewrite of the six-decade-old 1961, is expected to reshape how taxpayers read, understand, and comply with income tax rules in the years ahead.
One of the biggest changes is the massive clean-up of the law's structure. The number of sections has been cut from 819 to 536, while chapters have been reduced from 47 to 23. The overall word count has almost halved—from 5.12 lakh words to around 2.6 lakh words.
For the first time, the law makes wide use of tables and formulas instead of long legal paragraphs. As many as 39 tables and 40 formulas have been introduced to reduce ambiguity and interpretation disputes that plagued the old Act.
The existing system uses both a previous year and an assessment year, often confusing taxpayers. The new law replaces this with a single, uniform ‘Tax Year', aligning income earning and tax assessment into one clear period. This move is expected to make compliance easier for individuals and businesses.
The Act also introduces a completely new numbering system. Familiar provisions have been shifted to new sections—for example, Section 80C is now Section 123. While this will require some initial adjustment, the restructuring is designed to make the law more logical and user-friendly in the long run.
The 2025 Act puts strong emphasis on technology-driven and faceless procedures. From assessments to refunds, the focus is on reducing human interface, speeding up processes, and providing clearer timelines. The aim is to lower disputes and make tax administration more transparent.
To keep pace with a changing economy, the law updates definitions related to virtual digital assets and global income sources. These clarifications are meant to cover newer forms of income without creating uncertainty for taxpayers.
While tax rates and slabs remain unchanged, several taxpayer-friendly measures are already visible.
Higher Exemptions and Better Relief
Under the revised tax regime, income up to Rs 12 lakh effectively becomes tax-free through enhanced rebates. A higher standard deduction also benefits salaried taxpayers, increasing take-home pay for a large section of earners.
Easier ITR Filing
From the next financial year, simplified ITR forms are expected, with clearer reporting requirements and fewer confusing disclosures—an outcome of the cleaner legislative framework.
More Certainty, Fewer Disputes
Clearer language, better-structured deductions, and consolidated presumptive schemes are expected to reduce litigation and interpretation-related disagreements between taxpayers and the tax department.
The Income-tax Act, 2025 received presidential assent in August 2025 and will come into force from April 1, 2026. This means tax filings for FY 2025–26 (AY 2026–27) will still largely follow the 1961 law, though several administrative and procedural changes will begin earlier.
Overall, the new Act marks a decisive shift toward a simpler, clearer, and more modern tax system. While most structural changes take effect from April 2026, their impact is already shaping taxpayer expectations and compliance practices today.
News18
Source: OfficeNewz
Related Posts: Income Tax department issues draft rules for new Income Tax Act 2025 Tax Year’ Replacing ‘Assessment Year’ In New Income Tax Law From 1 April 2026 Will Your Tax Slab Change Under New Income Tax Act PM Modi reviews Delhi sections of UER-II Punjab govt working for wellbeing of underprivileged sections Will shield vulnerable sections from price pain Maharashtra govt appoints 6 officers as directors of welfare body for weaker sections among Brahmins New income tax law from April 1 Parliament passes new Income Tax Bill to replace six-decade-old law
Woman gets mom's thyroid levels tested at 3 labs, gets different results: Doctor explains why it happened, how to avoidAn influencer got her mom's thyroid testes from three labs, getting varying results. Experts highlight factors like biotin and calibration differences. Published on: Apr 27
59 minutes ago
Apple MacBook Ultra coming to top the Pro lineup in 2027, reports sayMacBook Ultra is rumoured to bring OLED display, possible touch support, M6 chips, and a thinner design, positioning it above the MacBook Pro lineup. Updated on: Apr 27, 2026 3:25 PM IST Share via Copy link You may be interested
59 minutes ago
U.S. President Donald Trump said on Sunday (April 26, 2026) that the suspect accused of trying to attack administration officials at a black-tie gala on Saturday night (April 25) was a “pretty sick guy” who had been flagged to law enforcement by family members.U.S
59 minutes ago
Manabadi AP SSC 10th Results 2026 Date Time Live: The Board of Secondary Education, Andhra Pradesh (BSEAP) is expected to announce the AP SSC Results 2026 anytime soon. According to media reports, the results are likely to be declared in the last week of April. Last year
59 minutes ago
PV Sindhu has stepped into a new role off the court, officially joining the Badminton World Federation (BWF) Council as a voting member after completing the formal vetting process. Her appointment was formalised at the end of 2025, with Sindhu making her first appearance before the global badminton
59 minutes ago
The ‘digital pacifier’ comes under scrutiny in the UK; here's what Indian parents have to sayAs screen dependency grows, the UK introduces fresh guidelines to help parents navigate early digital exposure. Here's what Indian parents have to say about it Published on: Apr 27
59 minutes ago
The new musical film about Michael Jackson has stormed the worldwide box office, scoring the highest opening weekend ever for a biopic. The singer's nephew Jaafar Jackson portrays him in Michael, which has taken $217m (£160m) globally since it opened on Wednesday
59 minutes ago
Bhooth Bangla worldwide box office collection day 10: Akshay Kumar film collects ₹150 crore; beats Sky Force lifetimeBhooth Bangla worldwide box office collection day 10: The horror comedy marks the reunion of director Priyadarshan and actor Akshsy Kumar. Apr 27, 2026
59 minutes ago
Farah Khan feels Aparshakti Khurana has better comic timing than brother Ayushmann Khurrana: ‘He became such good actor’Farah Khan reminisced about meeting Aparshakti Khurana during Om Shanti Om promotions, expressing initial doubts about his film career. Apr 27, 2026
59 minutes ago
Kejriwal flags timeline of Delhi judge Sharma and her children's legal postings: ‘At the very least, troubling’Arvind Kejriwal detailed a “sequence of events” of how Justice Swarana Kanta Sharma and her two children were given legal postings. Updated on: Apr 27
59 minutes ago
BJP National President Nitin Nabin on Monday said the party is confident of winning the upcoming West Bengal Assembly elections, citing strong support from workers and public protests against the current government. National President on Monday expressed confidence that the would emerge victorious
59 minutes ago
Oil prices rose Monday (April 27, 2026) while stocks were mixed with the United States and Iran no closer to ending their eight-week-old war after U.S. President Donald Trump cancelled his envoys’ trip for peace talks at the weekend. Hopes that the two sides could make progress during
59 minutes ago
JPSC JET 2024 Exam Cancelled: The Jharkhand Public Service Commission conducted the JET 2024 exam on Sunday, but the examination had to be cancelled at two centres. The cancellation was not due to a paper leak or any other mismanagement, but because of issues with the printing of the question
59 minutes ago
Rugby Premier League to have inaugural women's edition in JuneRugby Premier League (RPL) will have its inaugural women's edition in June. Updated on: Apr 27, 2026 2:57 PM IST PTI Share via Copy link Rugby Premier League (RPL) will have its inaugural women's edition in June with four franchise teams
59 minutes ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Need a reliable printer? Check these top WiFi colour printers under ₹20000Printing costs add up fast. Here are WiFi colour printers under Rs. 20,000 that handle daily work, photos
59 minutes ago
Ecommerce major Amazon India on Monday announced that its quick commerce arm Amazon Now will expand to 100 cities, backed by over 1,000 .This comes a few days after the company announced a Rs 2,800 crore investment to strengthen its infrastructure and operations across the country as part of a
1 hours ago
Rich tributes continue to pour in for Raghu Rai, India's most celebrated photojournalist, following his death at the age of 83. Rai spent more than five decades documenting the country, capturing moments from political power to everyday life with striking clarity
1 hours ago
Iran’s Foreign Minister Abbas Araghchi on Monday blamed the United States for the collapse of recent negotiations, as diplomatic efforts to end the conflict remain stalled. Speaking in Saint Petersburg during a visit to Russia, Araghchi said excessive US demands derailed talks that had shown
1 hours ago
The Future of Knowledge Work Summit 2026 in Bengaluru will bring together enterprise leaders to navigate the shift toward AI-driven, human–machine collaboration. As AI reshapes workflows, decision-making, and organizational structures, the summit will focus on what truly works in practice
1 hours ago
Iran’s Foreign Minister arrived in Russia on Monday (April 27, 2026) as peace efforts between Tehran and Washington hung in the balance, following a flurry of regional diplomacy and the collapse of planned talks in Pakistan. Abbas Araghchi arrived in Saint Petersburg
1 hours ago
India is the second most sleep-deprived nation in the world. Average sleep in Indian cities has dropped to under six hours a night. One in three working adults reports chronic fatigue — and yet we celebrate this. For this week’s Health Matters
1 hours ago
‘Bhaiya please bacche hain’: Indore couple with 2-year-old held hostage in car for 10 minutes, threatened with stickThe family remained trapped inside the locked vehicle as the man continued his aggressive behaviour, repeatedly demanding money. Published on: Apr 27
1 hours ago
Angkrish Raghuvanshi's dismissal for 'Obstructing the field' during Kolkata Knight Riders' (KKR) win over Lucknow Super Giants (LSG) has been the talk of the town in the ongoing Indian Premier League (IPL). The incident took place in the fifth over of the KKR innings after LSG skipper Rishabh Pant
1 hours ago
has signed an agreement with to secure power from the startup's infrastructure for the Facebook parent's by the end of the decade.Overview Energy is developing a system that can collect solar energy in space and beam it to facilities on the ground for power generation around the clock
1 hours ago
Rijiju said that 7 MPs, including Raghav Chadha and Swati Maliwal, they have not resorted to “abusive language and never created any indiscipline and unparliamentary conduct”. Vice President C P Radhakrishnan has approved the merger of seven Aam Aadmi Party (AAP) MPs with the BJP
59 minutes ago
Rajya Sabha Chairman and Vice-President C.P. Radhakrishnan on Monday (April 27, 2026), accepted the merger of seven Aam Aadmi Party (AAP) MPs with the Bharatiya Janata Party (BJP). With the merger of 7 AAP MPs, BJP’s strength in Rajya Sabha rises to 113 while AAP falls to three
1 hours ago
Good news for all of the Indian travellers! Travel Saga Holidays has launched its amazing International Visa service for Indian travellers. The visa application process is not very easy for Indians, no matter the destination they have chosen. So
59 minutes ago
