THE FINANCE ACT, 2025 – An Act to give effect to the financial proposals for the financial year 2025-2026

THE FINANCE ACT, 2025 – An Act to give effect to the financial proposals of the Central Government for the financial year 2025-2026: Notification dated 29.03.2025

The Gazette of India

CG-DL-E-29032025-262125

EXTRAORDINARY
PART II — Section 1
PUBLISHED BY AUTHORITY
No. 7] NEW DELHI, SATURDAY, MARCH 29, 2025/CHAITRA 8, 1947 (Saka)
Separate paging is given to this Part in order that it may be filed as a separate compilation.

MINISTRY OF LAW AND JUSTICE
(Legislative Department)

New Delhi, the 29th March, 2025/Chaitra 8, 1947 (Saka)

The following Act of Parliament received the assent of the President on the 29th March, 2025 and is hereby published for general information:—

THE FINANCE ACT, 2025
No. 7 of 2025

[29th March, 2025.]

An Act to give effect to the financial proposals of the Central Government for the financial year 2025-2026.

BE it enacted by Parliament in the Seventy-sixth Year of the Republic of India as follows:––

CHAPTER I
PRELIMINARY

1. (1) This Act may be called the Finance Act, 2025.
(2) Save as otherwise provided in this Act,––

(a) sections 2 to 91, 104 to 120, 125 and 136 shall come into force on the 1st day of April, 2025;

(b) sections 121 to 124 and sections 126 to 134 shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

CHAPTER II
RATES OF INCOME-TAX

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CHAPTER III
DIRECT TAXES
Income-tax

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CHAPTER IV
INDIRECT TAXES
Customs

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CHAPTER V
MISCELLANEOUS
PART I
AMENDMENT TO THE UNIT TRUST OF INDIA (TRANSFER OF UNDERTAKING AND REPEAL)
ACT, 2002

PART II
AMENDMENTS TO THE GOVERNMENT SECURITIES ACT, 2006

PART III
AMENDMENT TO THE FINANCE ACT, 2016

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THE FIRST SCHEDULE
(See section 2)
PART I
INCOME-TAX

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PART II
RATES FOR DEDUCTION OF TAX AT SOURCE IN CERTAIN CASES

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PART III
RATES FOR CHARGING INCOME-TAX IN CERTAIN CASES, DEDUCTING INCOME-TAX FROM INCOME CHARGEABLE UNDER THE HEAD “SALARIES” AND COMPUTING “ADVANCE TAX”

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PART IV
[See section 2(13)(c)]
RULES FOR COMPUTATION OF NET AGRICULTURAL INCOME

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PART IV
[See section 2(13)(c)]
RULES FOR COMPUTATION OF NET AGRICULTURAL INCOME

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THE SECOND SCHEDULE
[See section 103(a)]
In the First Schedule to the Customs Tariff Act,––

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THE THIRD SCHEDULE
[See section 103(b)]
In the First Schedule to the Customs Tariff Act,–

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