By Admin 
New Income Tax Rules April 2026: From today i.e. 1st April 2026, many new rules related to income tax have come into effect in the country. Which is going to directly impact the common people. The central government has made many important changes in the tax system through Budget 2026.
Whose objective is to make the process easier. However, some changes have also been made which may increase people’s expenses. Let us know about these in detail…
Increased tax burden on derivatives trading
There is bad news for those trading in futures and options in the stock market, because the government has increased the Securities Transaction Tax (STT). Now STT on futures deals has increased from 0.02 to 0.05 percent.
Whereas on option trade it has been decided to increase it from 0.1 to 0.15 percent. After this change, trading in the derivatives segment may become costlier than before.
New income tax law implemented, but slab remains the same
From today the new Income Tax Act 2025 has come into force in the country. Due to which the old law which was running since 1961 has now ended. However, it is a matter of relief for the taxpayers that at present no change has been made in the income tax slab.
Tax slabs will remain applicable as before. Under the changes, an effort has been made to simplify the legal language and simplify the legal procedures. So that it becomes easier for people to understand the tax related process.
Relief in deadline for filing ITR
Now taxpayers are going to get more time to pay taxes. For those who are not audited, the last date for submission of ITR-3 and ITR-4 has been extended to August 31, which was earlier July 31. However, there is no change in the deadline for ITR-1 and ITR-2 and it will remain 31st July.
TCS rate changes
The government has made some important changes in the rates of Tax Collected at Source (TCS). Which is going to have a direct impact on transactions. Now TCS on sale of liquor has been increased from 1 percent to 2 percent.
Besides, this rate on scrap has also been increased from 1 to 2 percent. Apart from this, now 2 percent TCS will have to be paid on the sale of minerals like coal and iron ore. Due to which costs are expected to increase in these sectors.
Relief in TCS on foreign expenditure
The government has made arrangements for relief for people going abroad. Under LRS, now a uniform 2 percent TCS will be levied on foreign travel packages. Irrespective of the amount, earlier it was applicable at different rates of 5 percent and 20 percent.
Apart from this, TCS on the amount sent abroad for education and treatment has also been reduced to 2 percent. Earlier this rate was 5 percent. That means the government has given relief to the people in this matter.
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