<h1>Finance Act 2025 Brings Major Tax Reforms: Changes to Customs, Excise, GST and Income Tax Relief for Middle Class</h1> The Finance Act, 2025, which received presidential assent on March 29, 2025, introduces comprehensive amendments to tax laws following the Union Budget 2025-26. The legislation includes significant changes to the Customs Act, Central Excise Act, and CGST Act, with revisions to customs duties, exemptions, and GST provisions. The budget features personal income tax reforms specifically targeting the middle class, as detailed in clarification FAQs issued on February 1 and March 25, 2025. The Finance Bill was passed with government amendments considered and adopted on March 25, 2025.