India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...

The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

The drafts have been opened for public comments for 15 days, until February 22, 2026. The tax department has invited ...

Draft Income-tax Rules, 2026 propose major renumbering of tax forms from April '26 New rules simplify return filing and ...

Public feedback and comments have been invited before finalising the rules, which will be notified by the first week of March, said CBDT chairman Ravi Agrawal.

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

Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...

The biggest income tax changes in Budget 2026 didn’t come with loud announcements, but their impact will be felt across households, markets and investments. Finance Minister Nirmala Sitharaman has ...

Did our AI summary help? India’s income-tax system is built around individual taxation, with separate exemption limits and deductions for each taxpayer. Marriage does not change this treatment, and ...

What will be the income tax slabs for FY 2026-27 after Budget 2026? Finance Minister Nirmala Sitharaman is presenting th ...