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 ...

Under the old tax regime, a taxpayer can claim various deductions, exemptions and rebates to reduce their taxable income. This regime has higher tax rates than the new regime. However, it allows for ...

Budget 2026 Income Tax update: Budget 2026, presented by Finance Minister Nirmala Sitharaman on 1 February, did not announce any measures to change the income tax slabs or slash income tax further ...

As an individual taxpayer, if you were looking forward to Budget 2026 with the expectation of changes in income tax slabs, rates, exemptions, deductions, etc., you will be disappointed. There were ...

After the presentation of Union Budget 2026, the government, through the Finance Bill, 2026, has clarified the provisions relating to the filing of Updated Income Tax Returns (ITR-U) under the ...

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