Budget 2026: Key Changes in Income Tax
Introduction On February 1, 2026, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2026-27. This Budget introduced landmark reforms in direct taxation, focusing on simplification, rationalisation of tax rates, reduction of litigation, and incentivisation of investment. The centrepiece of these reforms is the Income Tax Act, 2025, which will replace the […]