The Union Budget 2026 introduces amendments to the Income Tax Act in order to simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers that could impact an ...

From rules on TDS and TCS to pension reforms, ITR deadline extension for certain categories and new tax exemptions, one must be aware of these key changes from April 1.

Income tax on pension is added to total income and taxed under slab rates. Payout structure, annuity income, and retirement planning affect post-retirement cash flow.

The Income-tax Act, 1961 will be replaced by the Income-tax Act, 2025 (ITA 2025) on April 1st, 2026. The following are some of the significant changes that will take effect on April 1, 2026: ...

The new Income-tax Act, 2025 replaces the 1961 law and introduces structural changes such as a single “Tax Year.” Key updates include revised return deadlines, higher STT, and new rules for buybacks ...

The Income-tax Act, 2025 reorganises the capital gains taxation framework while retaining the core principles of the earlier law. It clarifies definitions, holding periods, and tax treatment of gains ...

The investments in gold products of this category are treated as capital asset under the income tax laws so any gains ...

Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties. This payment is treated as salary income and taxed at normal slab rates.

Income Tax: The Union Budget 2026 introduces amendments to the Income Tax Act that simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers.

New tax regime is attractive as marginal relief under which the final tax payable shall not exceed the amount by which total income exceeds Rs 12 lakh.

Prime Minister Shehbaz Sharif has approved a proposal to seek the International Monetary Fund (IMF) consent to abolish the ...