Latest Official Tax (Income Tax + TDS) Updates by CBDT India

Here we have provided complete notifications related to the Income Tax and TDS provisions as per the official government laws. We include all the latest updates in Income Tax and TDS, news, amendments, and circulars on the government portal for your reference.

Introduction of Income Tax

Income Tax is the tax levied by the government on the income earned by an individual in any given previous year. The latest income tax update is charged as a price for utilising the services provided by the government and maintaining them. It is the main source of revenue for the central government.

The main motive of collecting income tax is so that the amount raised by the government can be used for the development of buildings, roads and other infrastructure and development services. Income tax is collected by the central government and distributed to the state governments.

Income tax is managed by the Central Board of Direct Taxes (CBDT) and is governed by the Income Tax Act of 1961. There are six sources of income according to the Indian tax system. Income from salary, income from business or profession, income from capital gains, income from other sources, income from house property, etc.

Different rates of tax apply to different types of income. Some deductions are also provided by the government on income. The taxable income of an individual can be calculated after the deduction of such deductions.

Income tax is charged by the government according to the income earned by the individual. It is levied according to a slab system. In India, two slab systems are working under income tax, namely, the old system and the new system.

The new IT slab system was introduced with the annual Budget for taxpayers. The government has provided an option of choosing between the slab systems to the assessee. An income tax return can be filed online by the individual assessee under forms ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, and ITR-7 according to the source of income of the assessee. The returns can also be filed by an assessee earning below the tax slabs. Non-compliance with the provisions of Income Tax can attract serious penalties, prison, or both.

Tax Deducted at Source (TDS) in India

Tax deducted at source is the tax deducted by the payer before paying the amount to the payee. It is a form of direct tax. It is levied on incomes, dividends, asset sales, rents, and interest payments by the bank.

It is managed by the Central Board of Direct Taxes (CBDT) and is governed by the Income Tax Act of 1961. The returns of TDS are to be filed by the assessee every quarter.

The tax is imposed so that the burden of tax to be paid by the assessee at the end of the year is reduced through infractions every month, and the government can earn some revenue beforehand. Different rates of tax apply to different types of transactions. TDS is a form of advance tax. The returns of TDS can be e-filed by the assessee.

Sections 194IA, 194IB, and 194IC of the Income Tax Act, 1961, govern the latest TDS rules for tax deduction on the sale of assets, while Section 302 governs TDS on dividends. If the tax deducted by the employer exceeds the actual liability, the employee can claim a refund.

Non-compliance with the provisions of TDS Updates can attract penalties, prison, or both. Collection of TDS makes sure that there is no tax evasion by any individual, as the employer is responsible for deducting the tax, and the situation of tax evasion is not even possible. The statement of TDS is reflected in Form 26AS of the Income Tax Act, 1961 and can be claimed in the same.

Latest Update in Income Tax and TDS

The latest update in Income Tax and TDS via the government has come up with a lot of amendments under different norms, looking at the current situation of the taxpayers/businesses in India. Here is the complete set of the latest Income Tax and TDS Updates, amendments, crucial notifications, and announcements made by the government, as well as the important information that every taxpayer must know:

15th July 2026

• CBDT Releases Gross Direct Tax Collections, Refunds, and Net Direct Tax Collections for FY 2026-27. Read PDF

14th July 2026

• IT Notification No. 83/2026/F. No. 300196/45/2025-ITA-I for the Baddi Barotiwala Nalagarh Development Authority. Read PDF
• IT Notification No. 82/2026/F. No. 300196/45/2025-ITA-I regarding the exemption of specified income. Read PDF

13th July 2026

• Notification No. 81/2026/F.No. 225/77/2026/ITA-II for the Marketing and Textile Department, Government of Maharashtra. Read PDF
• Notification No. 80/2026/F.No. 275/19/2026-IT(B) related to the list of payments receivable by a Unit in an International Financial Services Centre (IFSC). Read PDF

10th July 2026

• The AEOI Information feature is enabled in the Annual Information Statement under the existing and new income tax frameworks. Order-1 | Order-2
• Professionals can now download the Excel-based utility, JSON schema, and validation files for the ITR-7 form. Download Now

08th July 2026

• The Excel-based utility, JSON schema, and validation file for the ITR-5 form are now available on the e-filing portal. Download Now
• Income Tax Notification No. 79 /2026 / F.No.197/39/2018-ITA-I. Read PDF
  Income Tax Notification No.78 /2026/F.No.197/39/2018-ITA-I. Read PDF

06th July 2026

• Income Tax Notification No. 77/2026/F. No. 300195/39/2025-ITA-I pertains to the Telangana Pollution Control Board. Read the Notification

03rd July 2026

• Notification No. 76/2026 – CBDT F. No. 203/46/2025/ITA-II relates to research in the social sciences or statistical research. Read PDF
• Notification No. 75/2026 – F. No. 275/18/2026-IT(B) / S.O. 3610(E) relates to furnishing a statement-cum-declaration in Form No. 1(N). Read PDF

03rd July 2026

• CBDT circular no.06/2026 allows condonation of delay in filing Form 10AB for Section 80G approval. Read Circular
• Income Tax Notification No. 73/2026 [F. No. 300196/32/2021-ITA-I] for the Mussoorie Dehradun Development Authority. Read PDF

26th June 2026

• Income Tax Notification No. 72/2026, F. No. 203/22/2025/ITA-II, for the Public Health Foundation of India, Delhi. Read More
• Income Tax Notification No. 71/2026, F. No. 203/21/2025/ITA-II, for the University of Hyderabad. Read More

25th June 2026

• For taxpayers, the CBDT has enabled the online challan correction facility on the e-Filing portal.
• Taxpayers can download the latest Version 1.2.0 of the ITR-3 Common Offline Utility from the official portal. Download Now

19th June 2026

• For individuals and HUFs, the Income Tax Department has enabled the first version of the ITR-3 Excel-based utility, JSON Schema, and validation facility on the official portal. Download Now

02nd June 2026

• Notification No. 70/2026-CBDT [F. No. 500/Misc./S10(23FE)/FT&TR-I] related to the update of the specified business in Note 5(d)(i) of Schedule V (Table Sl. No. 7). Read Notification

01st June 2026

• The common offline utility and Mac utility for ITR-2 AY 2026–27 are now available on the official portal. Download now

30th May 2026

• Notification No. 69/2026-CBDT [F. No. 203/18/2025/ITA-II] / SO 2752(E) related to the National Institute of Advanced Studies, Bangalore. Read Notification
• Notification No. 68/2026-CBDT [F. No. 203/17/2025/ITA-II] / SO 2751(E) related to S. Nijalingappa Sugar Institute, Belgaum. Read Notification
• Notification No. 67/2026-CBDT [F. No. 203/16/2025/ITA-II] / SO 2750(E) related to the Regional Centre for Biotechnology, Faridabad, Haryana. Read Notification
• Notification No. 66/2026-CBDT [F. No. 203/15/2025/ITA-II] / SO 2749(E) related to Ramakrishna Mission Vidyamandira. Read Notification

27th May 2026

The Excel-based utility, JSON schema, and validation tools for ITR-2 (AY 2026-27) are now available on the official portal. Download Now

21st May 2026

• Now, taxpayers can download the common offline utility and Mac utility for ITR-1 and ITR-4 forms for AY 2026-27. Download Now

15th May 2026

• CBDT Enables ITR-1 and ITR-4 Excel-Based Utility, JSON Schema, and Validation for AY 2026-27 on the e-Filing Portal: Download Now
• IT Notification No. 06/2025 for M/s Shree Hari Arogyam Foundation: Read More

17th April 2026

• Income Tax corrigendum issued via Notification No. 64/2026 [F. No. 370142/41/2025-TPL]. Read More

15th April 2026

• Now, taxpayers can download the common offline utility for Forms 145 and 146 from the official e-filing portal “Downloads -> Income tax Forms -> Income Tax Act 2025. View More
• IT Form 10AB is now available for e-filing on the official portal via Form No. 105 under the New Act, 2026.

13th April 2026

• IT Notification No. 63/2026, F. No. 370142/13/2026-TPL. Read Corrigendum
• IT Notification No. 62/2026, F. No. 370142/10/2026-TPL. Read Corrigendum
• IT Notification No. 61/2026/F. No. 370142/9/2026-TPL. Read Corrigendum
• IT Notification No. 60/2026, F. No. 370142/8/2026-TPL. Read Corrigendum
• IT Notification No. 59/2026, F. No. 370142/7/2026-TPL. Read Corrigendum
• IT Notification No. 58/2026, F. No. 370142/6/2026-TPL. Read Corrigendum
• IT Notification No. 57/2026, F. No. 370142/5/2026-TPL. Read Corrigendum

09th April 2026

• ICAI New Booklet on Income-tax Rules, 2026. Read PDF

07th April 2026

• The IT Department has launched a utility to compare the Income-tax Rules, 1962 and 2026. View More

06th April 2026

• The CBDT has released a user-friendly booklet on the new IT Act 2025, as amended by the Finance Act 2026. Read PDF

01st April 2026

• ICAI announcement regarding one-time relaxation for generating the Missed UDIN. read more
• The Income Tax Department has issued Circular No. 4/2026 regarding the use of the Document Identification Number (DIN) by income-tax authorities. Read Circular
• The CBDT has released PDF formats of forms for making changes and corrections in PAN data for individuals and non-individuals. Read Notification
• IT Notification No. 55/2026 [F. No. 370142/15/2026-TPL] relates to the Income-tax Amendment Rules, 2026. Read Notification
• IT Notification No. 54/2026 [F. No. 370142/15/2026-TPL] relates to the Tenth Amendment Rules, 2026. Read Notification
• IT Notification No. 53/2026 [F. No. 300195/48/2025-ITA-I] relates to the Rajasthan Electricity Regulatory Commission. Read Notification

31st March 2026

• The Income Tax Department has notified the new ITR-1 to ITR-7, ITR-V, and ITR-U forms for AY 2026–27.
  • ITR-1 and ITR-4 Form
  • ITR-2 Form
  • ITR-3 Form
  • ITR-5 Form
  • ITR-6 Form
  • ITR-7 Form
  • ITR-V Form
  • ITR-U Form
• IT Notification No. 44/2026 (F. No. 300196/92/2024-ITA-I) for the Chandigarh Building and Other Construction Workers Welfare Board. Read PDF
• IT Notification No. 43/2026 (F. No. 203/11/2025/ITA-II) for the Indian Rubber Materials Research Institute. Read PDF
• IT Notification No. 42/2026 (F. No. 203/09/2025/ITA-II) for the Indian Institute of Technology (IIT) Bombay. Read PDF
• IT Notification No. 41/2026 (F. No. 300195/54/2024-ITA-I) for the Karnataka Industrial Areas Development Board. Read PDF
• IT Notification No. 40/2026 (F. No. 203/07/2025/ITA-II) for the Indian Institute of Technology (IIT) Bhilai. Read PDF

30th March 2026

• The new IT Circular No. 03/2026 relates to the notification of a Sovereign Wealth Fund under Schedule V [Table: Sl. No. 7, Note S(a)(ii)(G)] of the Income-tax Act, 2025. Read Circular
• The IT Department has issued Notification No. 01/CPC(TDS)/2026 for the generation and allotment of UIN in respect of Form No. 121, effective from 1st April 2026. Read the notification

27th March 2026

The Income Tax Department has issued an important note for deductees regarding the impact of the reduced timeline for filing TDS/TCS correction statements. Read PDF

26th March 2026

• Income-tax Circular No. 02/2026, issued under Section 119 of the Income-tax Act, 1961, extends the deadline for the issuance of TDS certificates under Section 203 for the quarter ending December 31, 2025. Read Circular
• IT Notification No. 32/2026 [F. No. 300196/67/2024-ITA-I] for the Visakhapatnam Special Economic Zone Authority. Download PDF
• IT Notification No. 31/2026 [F. No. 300195/45/2024-ITA-I] for the Varanasi Development Authority. Download PDF
• IT Notification No. 30/2026 [F. No. 300195/21/2024-ITA-I] for the Patiala Urban Planning and Development Authority. Download PDF
• IT Notification No. 29/2026 [F. No. 300195/19/2024-ITA-I] for the Haryana Urban Development Authority. Download PDF
• On Wednesday, the Lok Sabha passed the Finance Bill along with 32 amendments.
• Scam Alert! The Income Tax Department has issued a warning about a fake email phishing attempt circulating online, which claims compliance gaps in return filings to trick citizens. View More

25th March 2026

• The Income Tax Department has launched a wizard for ITR assistance and forms. Read more
• CBDT has launched a reckoner tool providing subject-wise and chapter-wise information services. Read more
• IT Notification No. 28/2026 [F. No. 300196/7/2026-ITA-I] for District Legal Services Authority, Karnal. Read PDF
• IT Notification No. 27/2026 [F. No. 300196/61/2025-ITA-I] for CJM-cum-District Legal Services Authority, Fatehabad. Read PDF
• IT Notification No. 26/2026 [F. No. 300195/36/2025-ITA-I] for Shree Ayodhya Jee Teerth Vikas Parishad. Read PDF
• IT Notification No. 25/2026 [F. No. 300195/29/2025-ITA-I] for Urban Improvement Trust, Sikar. Read PDF

24th March 2026

• CBDT has clarified, via Circular No. 01/2026, the competent authority for condonation of delay in Form 10A filing. Read Circular
• Income Tax Notification No. 5/2026 [F. No. PCCIT(E)/Notification u/s 35(1)(iia)] pertains to tax exemption approval for M/s Indian Institute for Human Settlements. Read Notification

23rd March 2026

• FAQs for the New Income Tax Act, 2025, effective from 1st April 2026. Read more
• “Utility to check provisions of Income-tax Act, 1961 vis-a-vis Income-tax Act, 2025” View More
• The IT Department has provided essential calculators for common tax needs. View here

20th March 2026

• Income-tax Rules, 2026 via Notification No. 22/2026. Download the PDF
• IT Notification No. 21/2026/F. No. 203/06/2025/ITA-II related to the G.S.L. Trust (PAN: AAATG3008N), Rajahmundry, Andhra Pradesh, for scientific research. Read PDF

18th March 2026

• Corrigendum Issued via Notification No. 20/2026 (F. No. 370149/209/2026-TPL). Read PDF

16th March 2026

• The IT Department has issued a clarification regarding certain emails circulated under the Advance Tax e-Campaign for AY 2026–27 (FY 2025–26). View More

9th March 2026

• The income tax department has issued a press release announcing the launch of a nationwide validation exercise targeting restaurants allegedly underreporting their turnover. Read Press Release

06th March 2026

• IT Notification No. 19/2026/F. No. 370149/209/2025-TPL related to Rules and Income Tax Forms. Read PDF

25th February 2026

• The IT Department has shared a press release stating that the governments of India and France have signed a protocol amending the Double Taxation Avoidance Convention. Read the press release

12th February 2026

• ICAI has introduced field-level validation under Section 44AB during UDIN generation from 1st April 2026.

12th February 2026

• The IT department has released the Gross Direct Tax Collections, Refunds, and Net Direct Tax Collections for FY 2025-26 on the official website. Read PDF

11th February 2026

• Taxpayers can now download the latest version of the ITR-3 Excel-based utility from the portal. Download Now

09th February 2026

• The Income Tax Department has shared a press release related to the Income-tax Act, 2025. Scheduled to come into effect from 1st April 2026, the Draft Income-tax Rules and Forms, 2026 have been prepared and released in the public domain to invite feedback and comments from the public and stakeholders. View More

29th January 2026

• Taxpayers can now download the latest versions of the Offline and Mac utilities from the official website. Download now
• The Excel-based utility for ITR-3 (Version 1.9), including filing under Section 139(8A), is now available on the e-filing portal. Download now
• Income Tax Notification No. 15/2026 (F. No. 300196/64/2025-ITA-I) relates to the State Legal Services Authority, Union Territory, Chandigarh. Read more

28th January 2026

• IT Notification No. 14/2026 (F. No. 203/03/2025/ITA-II) issued under Section 35(1)(ii) in the case of Sikshya O Anusandhan, Bhubaneswar, Odisha. Read PDF

22nd January 2026

• IT Notification No. 13 pertains to the Tamil Nadu e-Governance Agency. Read PDF
• IT Notification No. 12 pertains to the Dadra and Nagar Haveli Building and Other Construction Workers Welfare Board. Read PDF
• IT Notification No. 11 pertains to the Karnataka State Rural Livelihood Promotion Society. Read PDF

20th January 2026

• Income Tax Notification No. 10/2026 (F. No. 300195/67/2024-ITA-I) for Agra Development Authority. Read PDF
• Income Tax Notification No. 9/2026 (F. No. 300195/47/2024-ITA-I) for Barnala Improvement Trust. Read PDF
• Income Tax Notification No. 8/2026 (F. No. 300195/4/2025-ITA-I) for Aligarh Development Authority. Read More

15th January 2026

• Notification No. 7/2026 [F. No. 300196/24/2025-ITA-I] for the West Bengal Building and Other Construction Workers Welfare Board. Read More

09th January 2026

• IT Notification No. 06/2026 (F. No. 300197/212/2023-ITA-I) for Core Settlement Guarantee Fund. Read More

08th January 2026

• Notification No. 05 / 2026 /F.No. 300195/38/2025-ITA-I. Read PDF
• Notification No. 04 /2026/F. No. 300195/72/2024-ITA-I. Read PDF

07th January 2026

• The latest version of the Excel-based utility for ITR-1 to ITR-7 is now available on the official portal. Download Now
• Notification No. 03 /2026 F. No. 300195/14/2024-ITA-I. Read PDF
• Notification No. 02 /2026/F. No. 300195/7/2024-ITA-I. Read PDF
• Notification No.1/2026/No. 500/PF6/S10(23FE)/FT&TR-II (2). Read PDF

02nd January 2026

• The common offline utility and Mac utility for ITR-1 to ITR-4 are available on the official portal. Download Now
• The updated versions of the offline utilities and JSON schema for ITR-1 to ITR-7 are now available on the e-filing portal.

Income Tax Updates in 2020 to 2025

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