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

Act 7 of 2025 Enacted 16 Aug 2025 Department Department of Revenue

Administered by. Ministry of Finance, Department of Revenue · Other Acts of 2025

What this Act covers

The Finance Act for 2025. Its First Schedule carries the rates of income-tax for the year; the rest amends the Income-tax Act and the other fiscal statutes. The rate of tax for a year is fixed here and not in the Income-tax Act.

Sections

Type to filter. 153 sections.

1. 1Short title and commencement
2. 2Income-tax
3. 3Amendment of section 2
4. 4Amendment of section 9
5. 5Amendment of section 9A
6. 6Amendment of section 10
7. 7Amendment of section 12AB
8. 8Amendment of section 13
9. 9Amendment of section 17
10. 10Amendment of section 23
11. 11Insertion of new section 44BBD
12. 12Amendment of section 45
13. 13Amendment of section 47
14. 14Amendment of section 72A
15. 15Amendment of section 72AA
16. 16Amendment of section 80CCA
17. 17Amendment of section 80CCD
18. 18Amendment of section 80-IAC
19. 19Amendment of section 80LA
20. 20Amendment of section 87A
21. 21Amendment of section 92CA
22. 22Amendment of section 112A
23. 23Amendment of section 113
24. 24Amendment of section 115AD
25. 25Amendment of section 115BAC
26. 26Amendment of section 115UA
27. 27Amendment of section 115V
28. 28Amendment of section 115VB
29. 29Amendment of section 115VD
30. 30Amendment of section 115VG
31. 31Amendment of section 115V-I
32. 32Amendment of section 115VK
33. 33Amendment of section 115VP
34. 34Amendment of section 115VT
35. 35Amendment of section 115VV
36. 36Amendment of section 115VX
37. 37Amendment of section 115VZA
38. 38Amendment of section 132
39. 39Amendment of section 132B
40. 40Amendment of section 139
41. 41Amendment of section 140B
42. 42Amendment of section 143
43. 43Amendment of section 144BA
44. 44Amendment of section 144C
45. 45Amendment of section 153
46. 46Amendment of section 153B
47. 47Amendment of section 155
48. 48Amendment of section 158B
49. 49Amendment of section 158BA
50. 50Amendment of section 158BB
51. 51Amendment of section 158BC
52. 52Substitution of new section for section 158BD
53. 53Amendment of section 158BE
54. 54Amendment of section 158BFA
55. 55Omission of section 158BI
56. 56Amendment of section 193
57. 57Amendment of section 194
58. 58Amendment of section 194A
59. 59Amendment of section 194B
60. 60Amendment of section 194BB
61. 61Amendment of section 194D
62. 62Amendment of section 194G
63. 63Amendment of section 194H
64. 64Amendment of section 194-I
65. 65Amendment of section 194J
66. 66Amendment of section 194K
67. 67Amendment of section 194LA
68. 68Amendment of section 194LBC
69. 69Amendment of section 194Q
70. 70Amendment of section 194S
71. 71Omission of section 206AB
72. 72Amendment of section 206C
73. 73Omission of section 206CCA
74. 74Amendment of section 246A
75. 75Amendment of section 253
76. 76Amendment of section 255
77. 77Amendment of section 263
78. 78Amendment of section 264
79. 79Amendment of section 270AA
80. 80Amendment of section 271AAB
81. 81Omission of section 271BB
82. 82Amendment of section 271C
83. 83Amendment of section 271CA
84. 84Amendment of section 271D
85. 85Amendment of section 271DA
86. 86Amendment of section 271DB
87. 87Amendment of section 271E
88. 88Substitution of new section for section 275
89. 89Amendment of section 276BB
90. 90Insertion of new section 285BAA
91. 91Amendment of rule 68B of Second Schedule
92. 92Amendment of section 18
93. 93Insertion of new section 18A
94. 94Amendment of section 27
95. 95Amendment of section 28
96. 96Amendment of section 127A
97. 97Amendment of section 127B
98. 98Amendment of section 127C
99. 99Amendment of section 127D
100. 100Amendment of section 127F
101. 101Amendment of section 127G
102. 102Amendment of section 127H
103. 103Amendment of First Schedule
104. 104Amendment of section 31
105. 105Insertion of new section 31A
106. 106Amendment of section 32
107. 107Amendment of section 32A
108. 108Amendment of section 32B
109. 109Amendment of section 32C
110. 110Amendment of section 32D
111. 111Amendment of section 32E
112. 112Amendment of section 32F
113. 113Amendment of section 32G
114. 114Amendment of section 32-I
115. 115Amendment of section 32J
116. 116Amendment of section 32K
117. 117Amendment of section 32L
118. 118Amendment of section 32M
119. 119Amendment of section 32-O
120. 120Amendment of section 32P
121. 121Amendment of section 2
122. 122Amendment of section 12
123. 123Amendment of section 13
124. 124Amendment of section 17
125. 125Amendment of section 20
126. 126Amendment of section 34
127. 127Amendment of section 38
128. 128Amendment of section 39
129. 129Amendment of section 107
130. 130Amendment of section 112
131. 131Insertion of new section 122B
132. 132Insertion of new section 148A
133. 133Amendment of Schedule III
134. 134No refund of tax collected
135. 135Special provision for retrospective exemption from service tax in certain cases relating to reinsurance services provided by insurance companies under Weather Based Crop Insurance Scheme and Modified National Agricultural Insurance Scheme
136. 136Amendment of Act 58 of 2002
137. 137Application of this Part
138. 138Amendment of preamble
139. 139Amendment of section 1
140. 140Amendment of section 2
141. 141Amendment of section 3
142. 142Amendment of section 5
143. 143Amendment of section 31
144. 144Amendment of section 32
145. 145Repeal of Act 18 of 1944 and savings
146. 146Amendment of Act 28 of 2016
147. 147Commencement of Part
148. 148Definitions
149. 149Powers and authority of Central Government
150. 150Validation
151. First ScheduleFirst Schedule
152. Second ScheduleSecond Schedule
153. Third ScheduleThird Schedule

Related Acts

• The Income-tax Act, 2025535 sections
• The Health Security Se National Security Cess Act, 202539 sections
• The Income-tax Rules, 2026332 sections
• The Finance Act, 2024 (No. 2)174 sections
• The Finance Act, 2026167 sections
• The Finance Act, 2024 (No. 1)13 sections
• The Finance Act, 2023181 sections
• The Finance Act, 2022134 sections

Provenance. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 153 sections of this Act has its own page. This page is not a substitute for legal advice.