Presenting the Union Budget 2026–27 in the Lok Sabha, FM Sitharaman said all direct tax changes proposed in the Budget would ...

FM Nirmala Sitharaman is presenting her ninth Budget today. During her speech, she made a key income tax announcement on ...

Explains how the new tax code replaces the 1961 Act with simpler rules and fewer exemptions. The key takeaway is a clearer, taxpayer-centric framework effective from April ...

NEW DELHI, Jan 12 (Reuters) - India's net direct tax collection rose 8.82% year-on-year to 18.38 trillion rupees ($203.9 billion) from April 1, 2025, to January 11, 2026, the government said on Monday ...

As Finance Minister Nirmala Sitharaman prepares the Union Budget 2026-27, tax data reveals a significant shift. Direct tax ...

The Indian government has announced a landmark reform in direct taxation with the new National Income Tax Act, replacing the ...

Taken together, the direct tax proposals in Budget 2026 reflect a reform-oriented rather than relief-oriented approach. The government has chosen to consolidate last year's gains, prioritise a smooth ...

Finance Minister Nirmala Sitharaman on Sunday unveiled a series of measures aimed at simplifying compliance, improving ...

As Budget 2026 approaches, targeted reforms can significantly reinforce India’s commitment for a stable and business-friendly tax regime.

Personal income tax: Paid by individuals on salaries and other income PRS Legislative Research noted that income tax’s share ...

July 11 (Reuters) - The Indian government's net direct tax collection fell 1.3% year-on-year to 5.6 trillion rupees during the April 1-July 10 period, it said in a statement on Friday. Direct taxes, ...

Nirmala Sitharaman has said that the direct income tax rates and slabs remain unchanged. This means taxpayers will continue to pay tax at the same rate as in the current financial year. Under the ...