End Of Tax Year 2025. Changes in income tax rules will have an impact on taxpayers when they file their returns in 2025. The introduction of the tax year in the proposed income tax bill 2025 represents a landmark change aimed at simplifying india’s complex tax system.
Therefore, for income a person or an entity earned in fy25, the tax and returns will be filed in ay26, which will begin on april 1, 2025 and end on march 31, 2026. In this article, we will learn about the tax year as outlined in the new income tax bill 2025 and how it impacts individuals and businesses.