Income Tax Budget 2026 Live Updates: Union Finance Minister Nirmala Sitharaman announced that the New Income Tax Act will come into effect on April 1, with rules and tax returns forms to be notified shortly.

The MEA’s response came after Pakistan’s Interior Minister Mohsin Naqvi alleged India’s involvement in the recent attacks in Balochistan

Expenses such as university tuition, medical treatment, or foreign travel run into several lakhs and a lower TCS means families don’t have to block a large sum with the government