Budget 2026 approaches with taxpayers focused on the income tax rebate. Experts anticipate changes to Section 87A, potentially increasing limits or introducing gradual tapering. The rebate aims to ensure small and middle-income earners pay minimal tax. Expectations include extending benefits to special rate incomes and simplifying rules for those just above the current thresholds.
from Tax-Wealth-Economic Times https://ift.tt/MmwJZOV
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