Union Budget 2026 Income Tax

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  No Change In Tax Slabs In Nirmala Sitharaman's 9th Budget

  The Prime Minister Narendra Modi-led government had last year announced that no income tax will be payable on income of Rs 12 lakh a year under the new income tax regime.

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  Union Budget 2026: What Is The New Income Tax Act, 2025, Coming On April 1

  The Income Tax Act, 2025 will come into force from April 1, Finance Minister Nirmala Sitharaman said. It will replace the six-decade-old tax framework, with rules and tax forms to be notified soon

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  Union Budget 2026: Finance Minister Announces Tax Exemption On Motor Accident Claims

  Union Budget 2026 exempts Motor Accident Tribunal interest from income tax and abolishes TDS, ensuring victims receive full compensation.

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  Budget 2026 Proposes To Rationalise Prosecution Framework In Income Tax Act

  At the centre of the overhaul is a onetime, sixmonth foreign asset disclosure window targeted at small taxpayers, including students, NRIs and young professionals who may have inadvertently missed reporting overseas holdings.

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  Income Tax Slabs Budget 2026 Live: No Change In Tax Slabs, New Income Tax Act From April 1

  Income Tax Budget 2026 Live Updates: Union Finance Minister Nirmala Sitharaman announced that the New Income Tax Act will come into effect on April 1, with rules and tax returns forms to be notified shortly.

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  Will Your Take-Home Go Up? What Budget 2026 May Have For Taxpayer

  The rebate wipes out tax after the calculation is done, with marginal relief preventing a sudden spike for someone who crosses the threshold by a few hundred rupees.

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  Sensex Down 600 Points, Nifty 250 After Budget Speech

  Indian markets suffered heavy losses amid high volatility as Finance Minister Nirmala Sitharaman presented the Union Budget 2026.

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  Budget 2026: Forget Slab Cuts. The Real Tax Savings Are Hiding Here

  The introduction of the New Tax Regime, with lower rates but significantly fewer exemptions, has revived public debate about the value of deductions.

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  Budget 2026 Live Updates: No Big Income Tax Moves, Spotlight On Reforms, Markets In Red

  Union Budget 2026 Live Updates: Union Finance Minister Nirmala Sitharaman's ninth budget presentation was inspired by three 'kartavyas' or responsibilities.

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  Under Rs 12 Lakh And Investing In Stocks? The Budget's Zero-Tax Pitch Has A Catch

  The structure has prompted questions on whether the middle class is being penalised for investing in equities.

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  From FASTag Rules To Tobacco Prices: Key Changes Coming Into Effect From February 1

  On February 1st, 2026, Finance Minister Nirmala Sitharaman will present the Union Budget in Parliament.

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  Understanding Old vs New Tax Regime: A Guide Ahead Of Union Budget 2026

  Taxpayers have the option to choose between the old and new income tax regimes

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  'Middle Class Taxed For Surviving, Not Thriving': Expert Urges Fix In Budget 2026

  Singla proposes a percentage-based standard deduction. "It would restore fairness by aligning taxation with economic reality."

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  Union Budget 2026: Understanding Current Income Tax Slabs And Calculation Method

  The income tax slabs and the method of calculating tax are usually in focus ahead of Budget day.

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  Old Tax Vs New Tax Regime: What Budget 2026 May Change For India's Salaried Class

  Government data shows this strategy is already working. For FY 2023-24, 72% of taxpayers, around 5.27 crore, chose the new tax regime.