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New Income Tax Forms 2026:&nbsp;From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 replaces Forms 15G and 15H, creating a single declaration to avoid TDS for eligible taxpayers.

New Income Tax Forms 2026: Form 121 replaces 15G, 15H; full list, key changes explained

Income Tax 2026 has changed how you save tax, with 80C, 80D and 80E missing in the new regime. But which option actually saves you more money? Here’s what you need to know.

Income Tax 2026: 80C, 80D, 80E gone? Old vs New tax regime — Which saves more

From April 1, 2026, the new Income Tax rules may bring changes to in-hand salary through revised allowances, HRA benefits, PF impact and higher taxes on perks.

From April 1, 2026: How your in-hand salary may change under new Income Tax Act — Check details

India has crossed the 1,000 Advance Pricing Agreement milestone, with CBDT signing a record 219 tax deals in FY 2025–26, signalling stronger tax certainty. The move, along with Safe Harbour reforms, is expected to boost investor confidence and ease of doing business.

CBDT signs record 219 tax deals in FY26 as India crosses 1,000 APA mark; what it means for investors

10 Major Tax Changes From April 1, 2026:&nbsp;India’s tax system changes from April 1, 2026, as ‘Tax Year’ replaces FY and AY to end long-standing confusion. Here are 10 key updates from new forms to rule changes every taxpayer should know.

10 Major Tax Changes From April 1, 2026: What taxpayers should know to save more

New Tax Rules Change From April 1, 2026: From April 1, major changes in tax rules will affect salary earners and investors alike. The new Income Tax Act 2025 brings higher HRA benefits, stricter rules for dividend income, updates in STT on derivatives, and revised TDS norms. Experts say taxpayers should act before March 31 to avoid penalties and make the most of available deductions.

New Tax Rules from April 1: HRA, Dividend Income, STT – What salary earners and investors must know

India will roll out a revamped income tax system from April 1, 2026, replacing Form 16 with Form 130, redesigning ITR forms and moving to a fully digital, data-driven filing process.

No Form 16 from April 2026? New Form 130, redesigned ITR rules — What will change for you?

Tax-saving investments often come with hidden charges that reduce actual gains. Costs like STT, exit load, expense ratio and fees can lower your net returns.

Saving income tax? These 10 hidden charges may be eating into your returns

Income Tax:&nbsp;Last week, FM Nirmala Sitharaman launched the upgraded version of the existing e-filing portal – Income Tax Website Version 2.0 – which is set to come into effect from April 1 in line with the Income Tax Act, 2025. Now, to help taxpayers understand the transition in a better way, the I-T Department has shared a detailed set of Frequently Asked Questions (FAQs).&nbsp;

Income Tax Dept issues FAQs on new Income-tax Act 2025, clarifies no new taxes

The finance minister has said that it is a historic first that extensive work done in direct as well as indirect taxes has been carried out within the same year.&nbsp;

FM Nirmala Sitharaman launches I-T portal 2.0, 'PRARAMBH' as govt notifies new tax rules

Under new rules dividend declaration are tightened. Now companies will have to maintain share registers, hold general meetings and pay dividends only within India. This implies stronger domestic control over dividend distribution.

Govt notifies Income Tax Rules 2026: Key changes in dividend, exchange and cross-border taxation from April 1

India’s new Income-tax Act, 2025 will come into effect from April 1, 2026, introducing a ‘tax year’, revised ITR deadlines and extended return revision timelines. Key changes such as STT hike, TCS rationalisation, buyback taxation shift and removal of certain deductions could impact taxpayers, investors and businesses in FY27.

Ready to step into FY27? 10 income tax changes that can impact your pocket from April 1, 2026

ITR-U: The concept of ITR-U was introduced by the government a few years ago to allow taxpayers to voluntarily disclose previously unreported or underreported income. Unlike a revised return—which is meant for correcting genuine mistakes—ITR-U is designed for cases where income was omitted, whether intentionally or unintentionally.

ITR-U Explained: How taxpayers can correct missed income or errors before March 31

The Income Tax Department has carried out a nation-wide verification exercise on restaurants suppressing turnover. Its special campaign, 'Saksham Nudge', aims to guide and advise taxpayers to correct their mistakes.&nbsp;

1.77 lakh restaurants under taxman's scanner; Rs 408 crore sales suppression detected—63,000 businesses asked to fix filings 

Income tax raids at big restaurants amid suspected Rs 70,000 crore evasion by Hyderabad-based biryani maker

Income tax raids at big restaurants amid suspected Rs 70,000 crore evasion by Hyderabad-based biryani maker

The previous Income Tax Act was over 65 years old and had more than 800 sections. The new law reduces this to around 536 sections and removes many explanations and provisos that made the law complicated. The language has been simplified so that an average taxpayer can understand it more easily.

New Income Tax Rules 2026 Explained: Key changes, allowances and what every taxpayer needs to know

Income Tax Department data shows that the government's net direct tax collections -- including income tax and corporate tax -- have risen 9.4 per cent so far this year, as of February 10.&nbsp;&nbsp;

Income tax boost? Net direct tax collections rise 9% YTD as refunds fall 19% to Rs 3.34 lakh crore—10 things to know

According to officials, the proposed rules have been recast to match the framework of the Income-tax Act, 2025, with a focus on clearer language and streamlined provisions.

CBDT Unveils Draft Income-tax Rules, 2026: Fewer rules, smarter ITRs, public consultation open

The Union Budget has clarified several aspects related to the rate of income tax through detailed FAQs issued by the government. The official document explains how income tax rates work under the new and old tax regimes, who is eligible, and how rebates and marginal relief operate. Here is a detailed explainer answering the key questions on income tax rates.

Budget 2026: Income tax rates explained – Who pays zero, Who gets relief, How new IT regime works

A tax holiday is a temporary government incentive that reduces or eliminates specific taxes—such as corporate income tax, property tax, or sales tax—for a defined period. Designed to stimulate economic activity, it encourages investment in new industries, supports startups, or boosts consumer spending by lowering tax burdens.

Budget 2026: FM Sitharaman proposes tax holiday until 2047 to boost data centres

income-tax

If you plan to take a loan or credit from any bank or financial institution, you must file your ITR. Many times, banks ask for ITR documents as proof of income.

ITR Filing FY 2025-26: Reasons to file income tax return even when zero tax liability—Explained with examples

Taxpayers filing income tax returns for AY 2026-27 can claim various deductions and exemptions depending on the tax regime they choose. Here's the complete list of tax benefits available under the old and new tax regimes.

ITR filing AY 2026-27: Complete list of deductions and exemptions available under old and new tax regimes

Sikkim is the only state in the country where residents who are eligible are exempt from paying income tax. The special status is not a government incentive scheme but has existed for decades and is linked to the state’s unique history.

Why Sikkim is India's only income tax-free state — and what happens if you move there?

Income Tax Return Filing: Submitting false information and claims like HRA while filing your income tax return may result in financial penalties and criminal prosecution.

ITR Filing HRA Alert: Planning to submit fake rent receipt? Here's how I-T department may catch you using AI

Filing an ITR before the due date is as good as doing any other financial task before the deadline. It saves you from paying late fees and interest. Besides, you may experience website traffic, a technical glitch, or any such issue if you choose the last date to file your ITR.

ITR Filing: 5 benefits of filing your income tax return before the due date

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