February 14, 2026

GSTstyle

Budget 2026 income tax slabs.jpg

Budget 2026 income tax: Will GST-style fewer tax slabs be brought under new income tax regime?

contact@dailyupdatesindia.com08 mins

Tax experts believe that while the new income tax regime reduces the tax outgo for many taxpayers, the multiple slabs add to confusion. (AI image) Budget 2026 income tax expectations: Taxpayers in India are looking at Finance Minister Nirmala Sitharaman’s speech for announcements related to simplification of income tax slabs, returns, compliance and more. India…

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Budget 2026: Industry seeks GST-style simplification in customs duty; urges speeding up and simplification of clearences

contact@dailyupdatesindia.com03 mins

Budget 2026: As the Union Budget for the financial year 2026-2027 draws closer, Indian companies are expecting a GST like transformation in the customs duty framework to promote trade facilitation and simplify dispute resolution. Key demands include a rationalisation of customs duty rates, a reduction in the number of duty slabs, and the introduction of…

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