The Times of India News

Budget 2026: Introduction of optional joint taxation for married couples can be a game changer

The 2026 Indian budget may introduce optional joint taxation for married couples, a proposal by ICAI. This could simplify filings, potentially lower tax burdens for single-earner households, and align India with global practices. While offering flexibility, careful design is needed to address system overhauls and potential revenue concerns, making it a significant financial shift for families.