Income Tax

Budget 2026 extends immunity to misreporting, but with key trade-offs

The proposal extends relief from penalty and prosecution in misreporting cases, but taxpayers must forgo the right to appeal and carefully weigh the strength of their case

Union Budget 2026: Are you eligible for standard deduction in FY27?

Standard deduction cannot be claimed on freelance, interest, rental or business income, say experts

Income tax calculator after Budget 2026: Rs 6-50 lakh tax break-up

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

Old vs new tax regime in Budget 2026: Which regime actually saves you more? | Income tax

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

Income Tax dept aims to dispose of over 200,000 CIT(A) appeals in FY26

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

Tax slabs FY27 unchanged: Experts on which tax regime saves you more now

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

Union Budget 2026: 10 big income tax changes for taxpayers | Tax slab | TCS | STT hike | Revised ITR

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

What changes for taxpayers in Budget 2026? 10 major tax changes explained

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

Budget 2026-27: A reformist reckoner for taxes, certainty and relief

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 vs 2025: No new tax cuts; gains and misses for middle class

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

Union Budget 2026: From semiconductors to rare-earth hubs, key takeaways

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

Eco Survey suggests synergy between I-T & customs on related-party imports

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

Budget 2026-27: Experts seek reforms to ease I-T litigation backlog

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

What senior citizens are hoping for this time

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

Budget 2026: Why old income tax regime still appeals to salaried taxpayers

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

Union Budget 2026: What salaried taxpayers expect and should watch closely

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,

Budget 2026: No big-bang cuts but some relief likely for salaried class

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

Co-borrowers must be co-owners and contribute to EMIs to claim tax benefits

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

Budget 2026: Experts explain why the new tax regime still needs fixes

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

Centre's net direct tax collections rose 9% to ₹18.38 trillion till Jan 11

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.