Income Tax

Income tax calculator: Compare old and new tax regimes to see how much you'll actually pay on Rs 6-50 lakh income in FY27

Budget 2026 has not changed income tax slabs for FY27. But that does not mean your tax bill stays the same. The choice between the old and new tax regimes still matters and for many, it can mean the d

Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty

New regime typically wins unless deductions are high enough to tilt the calculation toward old, says expert

Budget 2026 does not change income tax slabs, but it redraws the rules of the game.

Key tax rule changes this year cover derivatives, buybacks, revised ITR timelines and crypto reporting penalties

Budget 2026 signals a decisive push to cut tax litigation, decriminalise defaults and offer long-term certainty as India prepares to roll out the new income-tax law

Budget 2026 keeps tax slabs unchanged, focuses on compliance relief and builds on last year's middle-class tax reset

Budget 2026: The Budget lays out new schemes and higher spending on infrastructure, technology, healthcare and jobs, while offering support for industry and students

Experts welcomed the recommendation, saying it could lower transaction costs and litigation, making India more competitive against peer economies

Experts suggest direct ITAT access and stronger dispute resolution mechanisms to tackle 5.4 lakh pending tax appeals and ease litigation backlog

As Budget 2026 approaches, senior citizens are watching closely. Rising medical costs, fixed incomes, and outdated tax limits have sharpened expectations.

As the Finance Minister readies Budget 2026, salaried taxpayers remain split on whether lower rates can truly replace deductions

As Union Budget 2026 approaches, salaried taxpayers are once again at the centre of the income tax debate. After last year’s big relief under the new tax regime,

Tax experts say the Centre is expected to strengthen the new tax regime through slab rationalisation and higher rebates rather than expanding deductions

The deduction claimed must be in proportion to their ownership share and actual EMI contribution

Experts argue cost-of-living relief can reduce the sharp tax jump after ₹12 lakh

Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11, the Income Tax Department said on Monday. The mop-up includes net corporate tax collection of over Rs 8.63 lakh crore and tax from non-corporates, including individuals and HUFs, of Rs 9.30 lakh crore. Securities Transaction Tax collection stood at Rs 44,867 crore between April 1 and January 11. Refunds dropped 17 per cent to Rs 3.12 lakh crore during the period. Gross direct tax collection increased 4.14 per cent to about Rs 21.50 lakh crore till January 11 of this fiscal. In the current fiscal (2025-26), the government has projected its direct tax collection at Rs 25.20 lakh crore, up 12.7 per cent year-on-year. The government aims to collect Rs 78,000 crore from STT in FY26.

What the Income Tax Act, 2025 changes and what stays the same for taxpayers

Tax specialists warn higher surcharges could push wealth and talent overseas