The Budget 2026, presented by Finance Minister Nirmala Sitharaman on February 1, brings no surprises on income tax rates but focuses strongly on making life easier for taxpayers. Instead of tweaking slabs, the government has targeted long-standing pain points around return filing, tax collection, disclosures and compliance.
The message from the Budget is clear, i.e., simplify the system, reduce friction and prepare taxpayers for a smoother transition to a new income tax law from next year.
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NEW INCOME TAX ACT F
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