From April 1, the Income Tax Act, 2025, will come into effect, replacing the six-decade-old 1961 law, with all tax changes announced in the 2026–27 Budget set to be incorporated into the new framework ...

Budget 2026 is urged to boost health insurance tax deduction limits. Experts advocate for extending these benefits to the new tax regime. This move aims to ease financial burdens from rising medical ...

Taxpayers and experts are hoping for a ₹1 lakh standard deduction, rationalised tax slabs, inclusion of Section 80D under the ...

Union Finance Minister Nirmala Sitharaman will present Budget 2026-27 on Sunday, February 1, 2026, at 11 AM. Key expectations ...

The note highlights gaps in existing tax provisions affecting families, seniors, and small investors. It suggests targeted reforms to make tax outcomes more balanced and ...

Want your health cover to pay twice, once at the hospital and again at tax time? Section 80D of the Income Tax Act helps turn ...

In a landmark overhaul, Finance Minister Nirmala Sitharaman announced that Income Tax Act 2025 will replace Income Tax Act ...

If any tax policy changes are announced in Budget 2026, legislative logic dictates they will have to be made directly in the 2025 Act, rather than retrofitted into a repealed framework. The new Act ...

With the financial year ending on March 31, taxpayers still have a short window to legally reduce their tax outgo. Here's ...