Which Act applies?
Type a financial year, an assessment year or a date: this says which Income-tax Act governs that year's income, with the provisions that decide it.
General guidance, not legal or tax advice: the Acts and the Department's FAQs prevail. Not yet reviewed by a CA.
At a glance
| Financial year | Governed by | The Act calls it |
|---|---|---|
| 2024-25 | 1961 Income-tax Act, 1961 | Previous year 2024-25, assessment year 2025-26 |
| 2025-26 | 1961 Income-tax Act, 1961 | Previous year 2025-26, assessment year 2026-27 |
| 2026-27 | 2025 Income-tax Act, 2025 | Tax year 2026-27 |
| 2027-28 | 2025 Income-tax Act, 2025 | Tax year 2027-28 |