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Tax return deadlines have been extended to 31 August in case of non-audit business cases. By Ishita SenguptaIndia’s Union Finance Minister Nirmala Sitharaman presented the Budget 2026-27 on 1 February 2026, the ninth of her tenure, terming it as a unique Yuva Shakti-driven Budget. Rather than announcing sweeping tax reductions, the Budget reinforced continuity from…
Union Budget 2026: Every year, one of the main components of the Budget presentation is the income tax, as taxpayers keenly watch for changes in the slabs, tax rates and other factors — which may ease their tax burden! However, post Finance Minister Nirmala Sitharaman’s Union Budget speech, the income tax framework remains unchanged from…
What do salaried taxpayers, middle class, and the common man want from Union Budget 2026? (AI image) Budget 2026 income tax expectations: Like every year, salaried taxpayers, middle class and common man will listen to FM Nirmala Sitharaman’s Union Budget speech in the hope of more tax relief. Last year, FM Sitharaman announced major changes…
Over the last few years, personal taxation has seen meaningful changes, particularly in the form of revised slabs By Sureshkumar SIndia enters the Union Budget 2026 on relatively strong economic footing, supported by steady growth, resilient domestic demand and continued investment in digital public infrastructure. Over the last few years, personal taxation has seen meaningful…
Budget 2026 income tax expectations (AI image) By Surabhi MarwahThe Union Budget 2026 comes at an important moment, as taxpayers prepare for a major shift—the introduction of the Income-tax Act, 2025 (ITA 2025), effective April 1, 2026. This is one of the most significant updates in decades, and many individuals are hoping that the Budget…
Budget 2026 income tax expectations By Kuldip KumarAs the Union Budget approaches, expectations of major tax giveaways appear muted. However, this Budget may assume significance not for dramatic announcements, but for how the Government balances growth, fiscal discipline, and reform amid a challenging economic environment.A Challenging Economic BackdropThe Honourable Finance Minister faces a complex macroeconomic…
Old vs New Income Tax Regime (AI image) Each year the Budget speech is eagerly watched and listened to by the common man and middle class taxpayers, seeking answer to a simple query: will my tax burden reduce this year? Even finance ministers presenting the Budget are aware of the populist impact of their speech,…
As India prepares to implement the new Income-tax Act from 1 April 2026, expectations of major tax changes may need to be calibrated. By Parizad SirwallaBudget 2026 income tax expectations: Finance Minister will present Union Budget 2026 in the backdrop of uncertain geopolitical dynamics, volatile capital markets, diverse regulatory reforms (e.g. new income tax act,…
Tax experts believe that while the new income tax regime reduces the tax outgo for many taxpayers, the multiple slabs add to confusion. (AI image) Budget 2026 income tax expectations: Taxpayers in India are looking at Finance Minister Nirmala Sitharaman’s speech for announcements related to simplification of income tax slabs, returns, compliance and more. India…
The standard deduction limit varies depending on the tax regime that salaried taxpayers opt for. (AI image) Budget 2026 income tax expectations: Standard deduction is seen as a much needed relief for taxpayers – it’s a simple, straightforward deduction from your gross income – a fixed amount that allows salaried taxpayers and pensioners to reduce…
