Section 115BAC vs Section 202

From 1 April 2026, the Income Tax Act, 2025 replaces the 1961 Act and moves the new tax regime from Section 115BAC to Section 202. The structure remains largely the same, it continues as the default regime with identical progressive tax slabs and the same restrictions on major deductions like 80C, 80D, and HRA. The key changes are the new section number and simplified terminology, replacing “Previous Year” and “Assessment Year” with “Tax Year.” Tax slabs under Section 202 start from Nil up to ₹4 lakh and go up to 30% above ₹24 lakh. A clear comparison of the old and new provisions is covered in detail.

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