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In Union Budget 2026, Finance Minister Nirmala Sitharaman announced major tax reforms aimed at simplifying compliance and improving ease of living for taxpayers. The new Income Tax Act, 2025 will come into effect from April 1, 2026, following a comprehensive review of the six-decade-old law. The Finance Minister said simplified income tax rules and redesigned forms will be notified shortly, giving taxpayers sufficient time to adapt. The budget also proposed exemptions on interest awarded by Motor Accident Claims Tribunals and significant reductions in TCS rates on overseas tour packages, offering direct relief to individuals and improving transparency in the tax system. #Budget2026 #TaxReforms #IncomeTaxAct2025 #NirmalaSitharaman #EaseOfLiving #TaxSimplification #UnionBudget Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx... Now make Mint your preferred source on Google and get business & finance updates first. Add here - https://www.google.com/preferences/so... Subscribe to Mint Premium Now: https://www.read.ht/Scaq Subscribe to Mint's WhatsApp Channel: https://whatsapp.com/channel/0029Va91... ============================ budget 2026 income tax highlights of budget 2026 income tax budget 2026 budget 2026 summary new income tax slab budget 2026 income tax changes income tax slab budget 2026 pdf new tax regime slabs income tax slab for a y 2026 27 2026 budget highlights union budget 2026 highlights budget 2026 tax slabs tax slab budget updates 2026 budget 2026 key points new income tax act budget summary 2026 new tax slab budget highlight today budget news budget highlights income tax budget summary finance budget 2026 new budget tax budget 2026 budget 2026 for salaried key highlights of budget 2026 msme income tax act 2025 tax union budget 2026-27 income tax slab for ay 2026-27 new tax regime budget income tax income tax ndtv finance bill 2026 income tax changes in budget 2026 todays budget tax slab in new budget budget 2026 updates budget 2026 news budget highlights 2026 india nirmala sitharaman budget 2026 new tax slab 2026 budget india budget 2026 tax income tax in budget 2026 tds nirmala income tax budget union budget 2026 pdf budget live streaming what is tcs tax capex budget update 2026 income tax slabs budget 2026 live stream zee news live budget speech live today budget highlights key points of budget 2026 budget 2026-27 new income tax union budget highlights budget 2026 income tax slab budget income tax 2026 budget 2026 tax slab announcements textile stocks income tax 2026 budget 2026 live news budget news today sme budget news live union budget 2026 tax changes tax slab 2026 budget tax slab 2026 budget speech 2026 income tax calculator income tax news personal income tax budget 2026 budget live news nirmala sitharaman budget budget 2026 highlights live new income tax act 2025 budget announcement budget key points 2026 ministry of finance where to watch budget 2026 live union budget 2026 live updates budget 2026 tax slab budget 2026 live streaming live budget news nirmala sitaraman india budget live tcs rates budget tax budget 2026 key highlights budget update today finance minister finance union budget live streaming budget 2026 highlights income tax budget 2026 live stream time budget 2026 starting time