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The Times of India

Business / The Times of India

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Budget 2026 income tax: Top announcements made by FM Sitharaman - check list

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2026. New rules simplify tax filing and reduce burdens. Key changes include extended deadlines for revised returns and staggered filing dates. Tax Collected at Source rates for education, medical purposes, and overseas tours are reduced. Small taxpayers get easier tax deductions. Awards from the Motor Accident Claims Tribunal are now tax-exempt.

1 Feb 2026 12:36 pm