As Union Budget 2026 approaches, taxpayers’ expectations are increasing. This time the discussion is not limited to just tax relief, but also focuses on faster refunds, fewer notices and easy compliance. The main reason for this is the New Income Tax Act, which is going to be implemented from April 2026 and whose roadmap will be decided by Budget 2026. The old Income Tax Act 1961 had become the cause of huge compliance and litigation over time due to complex amendments and outdated provisions. The new law will be based on simple language, streamlined structure and digital-first processes. The Tax Year concept will end years of confusion and will further strengthen faceless systems. However, experts believe that real relief will depend more on administrative decisions than policy. Now the eyes of taxpayers are completely fixed on Budget 2026.
Why is Budget 2026 most critical for the tax system? Money Live | Why Budget 2026 is the most critical for the tax system
