Latest Tax Collection at Source News & Updates

New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday kept income tax rates and slabs unchanged following last year’s major tax reforms.While the basic tax structure remains the same, the Finance Minister, presenting the Budget 2026-27, announced several measures aimed at simplifying tax compliance and providing relief to taxpayers.She proposed extending the timeline for revising income tax returns from December 31 to March 31 with a nominal fee.FM Sitharaman also suggested sta…