01/02/2026
Budget 2026: These New Tax Rules Could Save You Money
Our Managing Partner, , Shares his insight- Budget 2026-27 introduces the Income Tax Act, 2025 to replace the 1961 law from April 1, 2026 with simplified tax rules, fewer sections, and a single tax year concept for easier compliance; keeps income tax slabs unchanged, extends ITR revision deadlines, allows late TDS refunds, cuts TCS on overseas education & medical remittances to 2 percent.
Rationalises TDS/TCS, and boosts relief for salaried taxpayers while creating tax certainty for companies and non-residents; these direct tax changes help individual taxpayers, salaried class, IT & services firms, and global investors with lower compliance burden, improved cash flow, and targeted incentives
Latest Budget 2026-27 direct tax updates covering income tax changes, TDS/TCS relief, compliance simplification, and new benefits for salaried individuals and businesses, explained for taxpayers, founders, and companies looking to save tax and plan smarter | SEO keywords: Budget 2026 income tax updates,