Section 288A → Section 421
Rounding off of income
Quick Answer
Section 288A of the Income Tax Act, 1961 (Rounding off of income) corresponds to Section 421 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 288A
Provision Summary
Total income shall be rounded off to the nearest multiple of ten rupees.
Sec 421
Provision Summary
Retained verbatim. Ensures calculation simplicity across the portal.
Key Changes & Highlights
- Algorithm automatically applies this rounding rule before computing the tax.
Frequently Asked Questions
What does Section 288A of the Income Tax Act 1961 deal with?
Section 288A (Rounding off of income) Total income shall be rounded off to the nearest multiple of ten rupees.
What is the new section number for Section 288A under the Direct Tax Code 2025?
Section 288A of the ITA 1961 maps to Section 421 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 288A under the new tax code?
Section 288A is marked as "Retained" with status "Active". Impact: Low - Standard arithmetic rule.
What are the key changes to Section 288A under DTC 2025?
Algorithm automatically applies this rounding rule before computing the tax.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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