India's new Income Tax Act will take effect from April 1, bringing simplified compliance, a tax year system, and reduced litigation while keeping existing tax slabs unchanged for now.

India is progressing towards fully automated Income Tax Return filing. Significant steps have already been taken to simplify ...

At present, India’s income tax system is entirely based on individual taxation, wherein each taxpayer is entitled to a separate basic exemption limit and ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

Under the current income tax system, individuals are taxed separately, irrespective of whether they are married or not. Each ...

The proposed reform by ICAI will allow couples to file a joint tax return, offering relief to families that depend on a ...

For a growing section of taxpayers - young professionals, gig workers, and freelancers - filing a tax return still remains complex. Multiple income streams, digital transactions, and evolving ...

Pravin Kaushal writes that joint tax smoothens disparities between high- and low-earning spouses by averaging income across ...

Under the ICAI’s proposal, married couples choosing joint filing would be assessed on their combined income, with the basic ...

Union Budget 2026–27 is expected to keep income tax reforms in focus as FM Nirmala Sitharaman presents her ninth Budget on ...

If the time of refund is greatly delayed, along with no update on the online status, contact the Centralised Processing ...