Union Budget 2026: Union with the beginning of the new year Budget 2Discussions on 026 are going on in full swing. It is expected that the Finance Minister Nirmala Sitharaman 1 Union on February, 2026 Budget present Can do. this time Budget From taxpayers Expectations have increased considerably. previous union Budget Many big changes in income tax have been made by the government in Reform It was decided to do so.

which has direct effect taxpayers It was lying on his pocket. Tax on income up to Rs 12 lakh from the central government Free It was announced to do. Let us know about this year’s union. Budget What changes are likely to occur in…

basic tax Exemption possibility of increase in

taxpayers government new tax for regimen basic tax in Exemption The limit can be increased from Rs 3 lakh to Rs 5 lakh. If this happens, income up to Rs 5 lakh people Will have to pay neither tax nor income tax Return Will need to file. causing a large number of taxpayers may get relief.

new income tax Act Will be implemented in 2025

taxpayers This year is going to be important for the Income Tax which has been in force for a long time. Act1961 is now being replaced by a new law. income tax instead Act2025 is being brought. Which will come into effect from 1 April 2026.

Regarding the new income tax laws, the central government has clearly said that they are not making fundamental changes in the tax rules. The government’s focus is on simplifying tax rules.

taxpayers will benefit directly

According to experts, income tax Act The language of 1961 was very difficult. due to which taxpayers Had to face difficulties in understanding it. Without the help of CA, it was difficult to understand all the information.

new income tax Act An attempt has been made to overcome this problem in 2025. its direct profit tax compliance Can be seen in. Due to the complexity of the language, many taxpayers To compliance It was difficult to do.

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