ZisNews - Breaking News & Updates

INcome assess Budget 2026 unrecorded Updates: too announcing how the young Income assess Act will impact people from April 1, Union finance minister Nirmala Sitharaman also extended the deadline for filing IT returns, while speaking on Union Budget 2026-27. However, no changes were introduced in the tax structure or slabs in this year's budget.Last year, in the Union Budget 2025, taxpayers received substantial relief in tax slabs. The tax structure under the new tax regime is as follows:- 0-4 lakh rupees - Nil- 4-8 lakh rupees - 5%- 8-12 lakh rupees - 10%- 12-16 lakh rupees - 15%- 16-20 lakh rupees - 20%- 20-24 lakh rupees - 25%- Above 24 lakh rupees - 30%What is the new Income Tax Act, 2025?The Income Tax Act, 2025, introduces no change in the tax slab rates. It simplifies direct taxes, removing ambiguities and thus reducing the scope of legal actions.The new law also has a streamlined tax structure, with the total number of sections reduced from 819 to 536, the total number of chapters cut from 47 to 23, 16 schedules included, and new tools -- tables and formulas -- introduced for clarity and ease of interpretation.The new I-T Act has four core objectives:1. Simplification: Replace obsolete language and redundant provisions with clear, concise, and modern legal text.2. Digital interpretation: Allow faceless assessments and digital compliance to reduce corruption and human interface.3. Taxpayer-centric approach: Enhance transparency, improve ease of filing and reduce litigation.4. Global alignment: Reflect contemporary economic realities, including taxation of digital assets and global income.Budget 2026-27In her 81-minute Budget 2026 speech, Nirmala Sitharaman touched upon some important issues: time of Income Tax return filing, hike in Securities Transaction Tax (STT) on Futures and Options, expansion of India's semiconductor mission, and the rare earth corridors.What's cheaper?Personal use imported goods17 drugs or medicines for cancer patientsDrugs, medicines and Food for Special Medical Purposes (FSMP) for 7 rare diseasesLeather items (footwear)Textile garmentsSeafood productsOverseas tour packageLithium-Ion Cells for batteriesSolar glassCritical mineralsBiogas-blended CNGAircraft manufacturing componentsMicrowave ovenForeign education

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

Income Tax Budget 2026 LIVE Updates: Does Budget 2026 impact tax slabs, what are new rules?

Global News Perspectives

Customizable News Feed

Like or Comment on News

Download the Android App

Diverse News Categories

Category News

Country News