Скачать или смотреть Budget 2026: New Income Tax Act From 2026, Big Relief On TDS, TCS Rates Cut | Key Tax Announcements

In Union Budget 2026, Finance Minister Nirmala Sitharaman announced major tax reforms aimed at simplifying compliance and improving ease of living for taxpayers. The new Income Tax Act, 2025 will come into effect from April 1, 2026, following a comprehensive review of the six-decade-old law. The Finance Minister said simplified income tax rules and redesigned forms will be notified shortly, giving taxpayers sufficient time to adapt. The budget also proposed exemptions on interest awarded by Motor Accident Claims Tribunals and significant reductions in TCS rates on overseas tour packages, offering direct relief to individuals and improving transparency in the tax system.

#Budget2026 #TaxReforms #IncomeTaxAct2025 #NirmalaSitharaman #EaseOfLiving #TaxSimplification #UnionBudget

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