As Finance Minister Nirmala Sitharaman presents Union Budget 2026–27, taxpayers and experts are urging the government to ...

Income Tax Budget 2026 highlights: Finance minister Nirmala Sitharaman, during the presentation of Union Budget 2026-27, announced that the New Income Tax Act, 2025, will come into effect from April 1 ...

FM Nirmala Sitharaman presented her ninth Budget today. During her speech, she made a key income tax announcement on filing ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

India is progressing towards fully automated Income Tax Return filing. Significant steps have already been taken to simplify ...

India's new Income Tax Act will take effect from April 1, bringing simplified compliance, a tax year system, and reduced litigation while keeping existing tax slabs unchanged for now.

Budget 2026 introduces a New Income Tax Act effective April 1, 2026, with staggered ITR filing deadlines and reduced TCS on ...

The Budget adopts a measured approach to personal taxation, prioritising structural improvements over immediate tax relief.

Under the current income tax system, individuals are taxed separately, irrespective of whether they are married or not. Each spouse has their own tax slabs, exemptions and deductions. As a result, in ...

Pravin Kaushal writes that joint tax smoothens disparities between high- and low-earning spouses by averaging income across ...

The Finance Bill, 2026 proposes sweeping changes to TCS, return filing timelines, penalties, and MAT to simplify compliance and reduce ...

For individual taxpayers filing ITR-1 and ITR-2, the original due date will remain 31 July, ensuring that salaried ...