By Admin 
Year Ender 2025: The year 2025 was different for tax payers in many ways. There were changes in income tax rules, new things came to light regarding tax slabs and rebates. This had a direct impact on the pockets of common people. At the same time, due to technical difficulties while filing ITR, many people had to wait for the refund. Due to which his problems increased.
The year 2025 is about to end. It is important to know about these changes before entering the new year. So that in the coming time, we can prepare for our tax planning in a better way. Let us know about these major changes….
1. Central government changed the tax slab
A historic decision was taken by the Central Government to change the tax slabs to provide relief to the middle class people. The tax-free income limit was increased in the Union Budget for 2025.
According to the new tax slab, the rebate limit has been increased to Rs 12 lakh. That means, employed people will not have to pay tax on income of Rs 12.75 lakh after standard deduction.
2. Changes made in ITR form
Due to structural changes made in ITR forms and system updates, many taxpayers were delayed in getting refunds. More problems came to light in the income cases of capital gains related to mutual funds, shares and property, due to which the taxpayers had to face problems.
3. Major change in income tax law
The biggest changes of 2025 include the new Income Tax Act. This law will replace the nearly 60 year old Income Tax Act, 1961 and will be implemented from April 1, 2026. In the new law, emphasis has been laid on simplifying the tax system. So that it becomes easier for common taxpayers to understand the rules.
4. Changed the rules of capital gains tax
Major changes were made by the government in 2025 regarding capital gains tax. It was decided to increase the tax on short-term capital gains on equity from 15 percent to 20 percent. At the same time, tax free long term capital gains have been increased to Rs 1.25 lakh.
5. GST reform decision
GST 2.0 was launched by the Central Government. Under this, a decision has been taken to make major changes in the indirect tax system. The announcement of reducing GST on many important items in the GST reform has received a lot of headlines.
Also read: Crypto Market Today: Slight rise in Bitcoin, know prices from Ethereum to Solana