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 ...

WhatThe income tax return filing for FY 2024-25 (AY 2025-26) is upon us. However, many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is ...

If you were hoping for a last-minute tax surprise in Budget 2026, here’s the short answer: nothing changes. Finance Minister Nirmala Sitharaman has kept income tax slabs unchanged for FY 2026–27 under ...

The Government confirms a higher rebate under the new tax regime, ensuring no tax up to ₹12 lakh and outlining revised slabs effective from AY ...

With New Income Tax Rules 2026 approaching, salaried workers must compare old and new regimes carefully to understand exemptions, deductions and their impact on take-home pay.

The previous Income Tax Act was over 65 years old and had more than 800 sections. The new law reduces this to around 536 sections and removes many explanations and provisos that made the law ...

Budget 2026 introduces significant perquisite rule changes, lowering taxable housing valuations and increasing tax-free ...

What do the draft income tax rules mean for the common man? How does the calculation math for the old vs new income tax ...

The Income Tax Department has released the Draft Income Tax Rules 2026, set to take effect in FY 2026-27. These rules amend the Income Tax Act, 2025, and are open for public feedback until February 22 ...

New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...

The Draft Income-Tax Rules, 2026 propose expanded exemptions for salary allowances, broader urban HRA benefits and higher tax ...