Budget 2026 income tax expectations: Will FM Nirmala Sitharaman reduce the number of tax slabs under the new income tax regime to ease compliance and reduce confusion for taxpayers? Times of India Onl ...

As Budget 2026 draws closer, expectations are rising that the government may simplify personal income tax the way it ...

FM Nirmala Sitharaman presented her ninth Budget on 1 February. During her speech, she made a key income tax announcement on ...

Indian consumers are set to benefit from a significant easing in the Goods and Services Tax (GST) structure, as the government plans to reduce tax slabs and lower rates on several key items. The ...

Income Tax Budget 2026 Live Updates: Union Finance Minister Nirmala Sitharaman announced that the New Income Tax Act will ...

The GST Council on Wednesday rationalised the indirect tax structure, cutting the current four slabs down to two answering the Indian middle class’ long-pending demand. In a landmark decision that ...

Income tax and corporate tax collections set to climb, but GST collections will decline after the rates were rationalised in September to boost consumption ...

Exemption on insurance interest awards, nil deduction certificates for small taxpayers, and extension of the ITR filing deadline for non-audit cases to 31 August, key updates for individual taxpayers ...

In Budget 2025, FM Sitharaman gave a boost to taxpayers by overhauling the new tax regime to reduce income tax outgo, ...

The council also clarified that all categories of electric vehicles, whether mass-market or luxury, will continue to attract a GST rate of 5%, with no additional cess The retention comes as a major ...

Union Budget 2026–27 is expected to keep income tax reforms in focus as FM Nirmala Sitharaman presents her ninth Budget on February 1. With nil tax up to Rs 12.75 lakh already in place, taxpayers are ...

Read all the latest news headline updates on tax reforms. Get all the tax reforms breaking news updates, videos, photostories and more at Business Standard.