Check out 5 big announcements on direct tax by FM Nirmala Sitharaman as she presented her 9th consecutive Budget.

Union Budget 2026 details direct tax measures, TDS/TCS rate changes, new exemptions, and revised ITR deadlines for taxpayers.

This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...

As part of the changes, the tax filing deadline for non-audit trusts has been extended to August 31, while the due date for salaried taxpayers remains unchanged at July 31.

Finance Minister Nirmala Sitharaman announced key changes to direct tax rules, simplifying compliance and easing the burden ...

The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier ...

Union Budget 2026 brought significant relief for individual and small taxpayers, with Finance Minister Nirmala Sitharaman ...

What will be the income tax slabs for FY 2026-27 after Budget 2026? Finance Minister Nirmala Sitharaman is presenting th ...

Moving beyond rate-centric reforms, the government has focused on re-designing the compliance lifecycle spanning original ...

​​The redesigned income tax return forms will be notified shortly, with the govt promising simpler language and layouts that allow ordinary taxpayers to comply without professional assistance. The FM ...

The Finance Bill, 2026 proposes sweeping changes to TCS, return filing timelines, penalties, and MAT to simplify compliance and reduce ...