Budget 2026 — New Income Tax Rules & more for you

It's February 2026, and we are reaching out to share key updates, Budget 2026 highlights, and important resources to help you stay compliant and tax-efficient for FY 2026-27.

Team EZTax.in predicted that Budget 2026 would prioritize economic growth and inclusive development for low-income and underprivileged groups. The Budget focuses on consolidating and stabilizing tax and financial reforms and enhancing compliance and business ease.

	Budget 2026 — Focus on Compliance Simplification & Global Transparency — As expected by Team EZTax.in before the budget .. Govt announced 'A Well rounded, balanced and growth oriented budget given the macro-economic environment. A boon for middle class. New Income Tax Act, 2025 to come into force from 1 April 2026, introducing simplified provisions and redesigned return forms (to be notified). Staggered ITR filing timelines proposed: ITR - 1 & ITR - 2 — due by 31 July Non-audit cases (ITR - 3, ITR - 4) and trusts — due by 31 August FAST-DS introduced: A one-time disclosure scheme for small taxpayers to regularize past non-disclosure of foreign income or assets by paying the prescribed tax/fee. TDS on sale of immovable property by NRIs to be deducted by the resident buyer, with no TAN requirement for the buyer. Budget 2026 highlights domestic growth opportunities, with increased policy focus on tourism, healthcare, and ecological sustainability. Higher STT on F&O transactions to discourage speculative trading and reduce investor risk exposure. Economic outlook remains strong: Real GDP growth is estimated at 7.4% in FY26 GVA growth at 7.3% Average CPI inflation at 1.7% (Apr–Dec 2025), the lowest since the CPI series began Refer @ Indian Budget 2026 Presentation, Analysis, Calculators for more information
	New Income Tax Calculator — New IT Calculator to know the taxes to be paid for a given Income and to compare Old vs New tax regimes as per the latest Budget 2026 provisions for IT declaration with your employer or to know your tax exposure. Refer @ Income Tax Calculator for more information
	Indian Budget 2026 \| Top 10 FAQs — Taxpayers, businesses, and investors may be affected by the Budget 2026 changes. The most-asked questions and most important parts of Budget 2026 will help you understand how it will work in real life. Refer @ Indian Budget 2026 \| Top 10 frequent questions for more information
	Income Tax Act 2025 — Simplified Tax Law Coming Soon — The new Income Tax Act 2025 replaces the 1961 Act on April 1, 2026, with streamlined provisions, updated compliance procedures, and easier ITR filing. Proper tax planning and compliance need understanding these new income tax law changes.EZTax.in offers a detailed, easy-to-understand guide with expert insights and comparisons. Refer @ Income Tax Act 2025 — Portal for more information
	Growing Global Opportunities — India EU FTA Impact — The proposed India-EU Free Trade Agreement (FTA) will ease cross-border trade, opening new opportunities for exporters, professionals, and investors. It has significant taxation and compliance consequences. Maximizing benefits requires understanding. Expert information is available from EZTax.in on FTA tax and compliance needs. Refer @ India-EU FTA 2026: Key Benefits for Indian Taxpayers, Tariff Cuts & Tax Impact for more information
	Layoffs & Severance Pay Taxation in India — With increased layoffs across industries, many workers receive severance, notice, gratuity, or ex-gratia. These amounts have major income tax implications and are routinely misreported in ITRs, docking in notifications. The easy, practical guidance from EZTax.in covers taxability, exemptions, and compliance. Read the complete guide on Layoffs & Taxation in India. Refer @ Layoffs: What to expect and Tax Implications for more information
	Inheritance Tax in India — Planning & Compliance Guide — Receiving inherited property, investments, or cash might affect income taxes, capital gains, and disclosure. To avoid shocks and comply, you must understand inheritance taxation and reporting. EZTax.in assesses tax exposure, compliance, and inherited asset capital gains. Refer @ Taxation on Inheritance - Explained for more information
	India's New Labour Codes — Transforming Workforce Regulations — India's four new labor regulations aim to modernize employment rules, ease compliance, and enhance worker conditions. Wages, social security, industrial relations, and occupational safety must be considered by businesses and experts. Understand and comply with India's 4 new labour codes effortlessly with EZTax.in. Refer @ India's 4 new Labour Codes for more information
	Returning to India – Key Tax Rules for NRIs — Many NRIs and international professionals are returning to India permanently or temporarily due to shifting worldwide job markets, affecting tax and residency. Compliance and tax optimization need knowledge of residential status, international income reporting, and worldwide asset management. EZTax.in's comprehensive guide explains key tax rules, compliance requirements, and practical steps for NRIs moving back to India. Refer @ Moving Back to India ? — a Guide on Taxes for more information
10	Tax Compliance Calendar for FY 2026-27 (IT, GST, TDS) — Tax Compliance Calendar for FY 2026-27 covering important due dates for Income Tax Filing, GST (GSTR1, GSTR3B), TDS Payments, Preparation, & Filing, ROC, and general accounting from Apr 01st 2026 to Mar 31st, 2027, with a primary focus on Individuals, Professionals, & SME Businesses. Refer @ Tax Compliance Calendar for more information
11	Get Ahead on Taxes with EZTax.in — Stay tax-compliant, save time, and optimise your tax planning for FY 2026-27. EZTax.in offers personalised solutions for: Advance Tax Computation & Planning ITR Preparation & Filing Foreign Asset Reporting & FAST-DS Compliance Private Limited Company Filings & Compliance TDS Management & Filing GST Compliance – GSTR1, GSTR3B, and Returns NRI Tax Planning & Cross-Border Guidance Labour Compliance & Payroll Advisory Don't wait – take control of your taxes and avoid last-minute surprises!

Source(s): EZTax Team
Through New Release # dated 06th Feb 2026. More @ https://eztax.in/

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