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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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Nil deduction certificate for small taxpayers, announced in Budget 2026

Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax deduction certificates through an automated process. The Income Tax Department will manage this rule-based system. This aims to ease the process for taxpayers holding securities in multiple companies.

1 Feb 2026 12:10 pm