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What changes for taxpayers in Budget 2026? From penalty to STT, 10 things change as income tax slabs remain unchanged FM Nirmala Sitharaman said the New Income Tax Act would come into effect from 1 April 2026. She had proposed to overhaul the six-decade-old Income Tax Act of 1961 in her budget presentation last year. Here's all you need to know about the changes.
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