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The new Income Tax (I-T) Act is set to come into effect tomorrow, on 1 April 2026, with the new financial year 2026-27 and is likely to impact salaried employees, especially under the Old Tax regime.

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As the new financial year 2026-27 (FY27) begins on Wednesday, 1 April, India is set to witness the implementation of several new financial and regulatory rules. These changes are expected to directly ...