budget 2026 income tax

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Budget 2026 income tax expectations: What can FM do for the next phase of tax simplification?

admin4 months ago04 mins

Budget 2026 income tax expectations By Kuldip KumarAs the Union Budget approaches, expectations of major tax giveaways appear muted. However, this Budget may assume significance not for dramatic announcements, but for how the Government balances growth, fiscal discipline, and reform amid a challenging economic environment.A Challenging Economic BackdropThe Honourable Finance Minister faces a complex macroeconomic…

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Union Budget 2026: Will you pay less tax this year? Middle class eyes fresh relief on Feb 1

admin4 months ago09 mins

Old vs New Income Tax Regime (AI image) Each year the Budget speech is eagerly watched and listened to by the common man and middle class taxpayers, seeking answer to a simple query: will my tax burden reduce this year? Even finance ministers presenting the Budget are aware of the populist impact of their speech,…

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Budget 2026: The urgent need to tackle long-pending and long drawn-out tax litigation

admin5 months ago06 mins

As of April 1, 2025, nearly 5.4 lakh appeals were pending before the Commissioner of Income-tax (Appeals). (AI image) As the Union Budget 2026 draws closer, industry bodies and tax professionals are urging the government to shift part of its reform focus from tax rate rationalisation to the far more structural problem of long-pending direct…

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Budget 2026 income tax expectations: Will new income tax regime be made more lucrative?

admin5 months ago08 mins

The government has increasingly been nudging taxpayers to opt for the new income tax regime. (AI image) Budget 2026 income tax expectations: Will FM Nirmala Sitharaman provide more reason to cheer for salaried and middle class taxpayers two years in a row? 2025 was a year of tax reforms – massive overhaul of the new…

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Budget 2026: Will old income tax regime be discontinued leaving new regime as the only option?

admin5 months ago09 mins

Fundamentally, the government wants to move towards an income tax return regime with minimal deductions and exemptions. (AI image) Finance Minister Nirmala Sitharaman will present the Union Budget 2026 on February 1, 2026 and like every year common man and taxpayers, especially salaried are watching out for possible changes on the income tax front. One…

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Budget 2026 expectations: Put more money in people’s hands to boost growth

admin5 months ago03 mins

If Budget 2026 is to accelerate growth meaningfully, it must leave more money in the hands of taxpayers. (AI image) By Umesh Kumar JethaniAs India pushes towards the $5-trillion economy milestone, the Union Budget 2026 has a pivotal opportunity to fuel this growth. Consumption remains the most reliable engine of the Indian economy. Yet, rising…

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Budget 2026: Need for an overhaul of the TDS framework

admin5 months ago04 mins

The requirement to issue TDS and TCS certificates is increasingly seen as redundant. (AI image) India’s tax deduction at source (TDS) framework, originally designed as a mechanism to ensure steady revenue inflows and improve tax compliance, has over the years become a source of complexity, cash-flow stress and litigation for businesses. With the scope of…

Business

Budget 2026: Why home loan rules need a fresh look

admin5 months ago05 mins

For self-occupied homes, the deduction for interest is capped at Rs 2 lakh a year – a figure unchanged since 2015. (AI image) Falling home-loan rates, increase in young population seeking to buy homes and a steady revival in residential sales have encouraged many to take the plunge into home ownership. Tax incentives continue to…

Budget 2026: When retirement becomes a tax trap – why India’s salary earners need urgent relief

admin5 months ago05 mins

India’s salaried class feels squeezed—not because they don’t want to pay taxes, but because the system increasingly treats retirement savings as a luxury. (AI image) For a country that prides itself on a thriving middle class, India’s tax treatment of retirement savings has begun to feel oddly out of step with economic reality. Over the…

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budget 2026 income tax

Budget 2026 income tax expectations: What can FM do for the next phase of tax simplification?

Union Budget 2026: Will you pay less tax this year? Middle class eyes fresh relief on Feb 1

Budget 2026: The urgent need to tackle long-pending and long drawn-out tax litigation

Budget 2026 income tax expectations: Will new income tax regime be made more lucrative?

Budget 2026: Will old income tax regime be discontinued leaving new regime as the only option?

Budget 2026 expectations: Put more money in people’s hands to boost growth

Budget 2026: Need for an overhaul of the TDS framework

Budget 2026: Why home loan rules need a fresh look

Budget 2026: When retirement becomes a tax trap – why India’s salary earners need urgent relief