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 is a direct tax levied on the income of individuals or entities. The Income Tax Department calculates income tax based on pre-determined income slabs applied to net taxable income. Income ...

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

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

Check out 5 big announcements on direct tax by FM Nirmala Sitharaman as she presented her 9th consecutive Budget.

Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify ...

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

The Income-tax Act, 2025 replaces the 1961 law from April 2026 with simplified rules, redesigned forms, and automated compliance, marking a structural reset of India’s tax ...

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

Budget 2026 may introduce optional joint ITR filing for married couples. Here’s what the proposal means, how tax slabs may change, and expert views from Sajal Goell and Nupur Gupta.

Union finance minister Nirmala Sitharaman, while presenting the Union Budget 2026-27, also proposed exemptions on 17 medicines, including cancer and other drugs for high-risk diseases.| India News ...