The Times of India

New draft Income Tax rules 2026 released: Simplified ITR forms, focus on easier compliance - what common taxpayers should know

In her Union Budget 2026 speech on February 1, FM Nirmala Sitharaman had said, The simplified Income Tax Rules and Forms will be notified shortly, giving adequate time to taxpayers to acquaint themselves with its requirements. The forms have been redesigned such that ordinary citizens can comply without difficulty.