Budget 2026 will be the first major exercise under the Income Tax Act, 2025, replacing the 1961 law. Learn how new tax slabs, exemptions, and compliance rules will impact taxpayers from April 1, 2026.
At present, India’s income tax system is entirely based on individual taxation, wherein each taxpayer is entitled to a separate basic exemption limit and ...
The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...
In the previous Union Budget, the Section 87A rebate was reworked to directly benefit low- and middle-income earners, ...
This explains how an HUF is recognised as a separate taxable entity and how it is taxed. The key takeaway is that HUF remains ...
India’s Income Tax Act, 2025, introduces a new era of digital enforcement and enhanced administrative powers and ...
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Budget 2026 income tax: Will GST-style fewer tax slabs be brought under new income tax regime?
Budget 2026 income tax expectations: Will FM Nirmala Sitharaman reduce the number of tax slabs under the new income tax ...
Union Finance Minister Nirmala Sitharaman will present the Budget for FY 2026-27 on Sunday, February 1, 2026, at 11 am. Indian taxpayers are hopeful that Budget 2026 will bring further relief through ...
India is set to introduce a new Income Tax Act in 2025, replacing the old law from 1961. This change aims to simplify tax ...
Returnees to India often face challenges with taxes due to changes in residential status and unfamiliarity with local tax ...
Union Finance Minister Nirmala Sitharaman will present the Budget for FY 2026-27 on Sunday, February 1, 2026, at 11 am. Indian taxpayers are hopeful that Budget 2026 will bring further relief through ...
Overview: Income tax refunds often delay due to missed e-verification, data mismatches, or incorrect bank details.Checking ...
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