The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

India is progressing towards fully automated Income Tax Return filing. Significant steps have already been taken to simplify ...

Budget 2026 will be the first major exercise under the Income Tax Act, 2025, replacing the 1961 law. Learn how new tax slabs, exemptions, and compliance rules will impact taxpayers from April 1, 2026.

Union Budget 2026 may bring major income tax changes, including revisions in tax slabs, HRA rules, 80C and 80D deductions, ...

At present, India’s income tax system is entirely based on individual taxation, wherein each taxpayer is entitled to a separate basic exemption limit and ...

From capital gains and income-tax simplification to retirement savings and digital credit, experts say predictability—not ...

Union Finance Minister Nirmala Sitharaman will present the Budget for FY 2026-27 on Sunday, February 1, 2026, at 11 am. Indian taxpayers are hopeful that Budget 2026 will bring further relief through ...

Pravin Kaushal writes that joint tax smoothens disparities between high- and low-earning spouses by averaging income across ...

India's tax-to-GDP ratio stands at 19.6%, on par with several global economies yet behind advanced nations like Germany and ...

Expectations of big income tax relief are running high ahead of Union Budget 2026, but experts warn that sweeping tax cuts ...

Capital gains from selling assets are taxed separately, and don’t qualify for a rebate under Section 87A of the Income Tax ...

With the Income Tax Act, 2025, set to kick in from 1 April, the upcoming Budget must prioritize compliance, clarity and ...