The government has kept income tax rates unchanged for the financial year 2026-27. Finance Minister Nirmala Sitharaman presented the Union Budget 2026 on February 1, 2026, but there were no revisions ...

Finance Minister Nirmala Sitharaman on Sunday announced during her Budget 2026 presentation that the Income Tax Act, 2025, will be implemented from 1 April 2026, and all rules and tax return forms ...

Union Finance Minister Nirmala Sitharaman has entered the history books after presenting the ninth consecutive Budget.

Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard deduction. Annual income of Rs 15–30 lakh, the gap remains wide unless the ...

The article analyses whether lower tax rates under Section 115BAC outweigh the loss of deductions, examining legal validity and financial impact on middle-class ...

The government has denied that India follows a “multi-layered income-tax structure,” clarifying that income tax is levied ...