The release of the draft Income Tax Rules, 2026 has brought an unexpected twist to India’s tax reform journey. While the new rules aim to operationalise the New Income Tax Act, 2025 from April 1, 2026 and significantly simplify compliance, several provisions have quietly restored relevance to the old tax…
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Budget 2026 Likely to Push New Tax Regime Further
As preparations for Union Budget 2026 gather momentum, India’s New Tax Regime has clearly emerged as the cornerstone of the government’s personal taxation strategy. Following the sweeping relief announced in Budget 2025, policymakers appear increasingly committed to nudging taxpayers toward a simpler, deduction-light tax structure. The sharp increase in the…