Major Relief in Tax on Unexplained Income: From Heavy Tax to a Balanced Approach

Chaitra Seetharam , Last updated: 03 April 2026 Share Follow on Google News

The Finance Bill, 2026, introduces a major reform to India's taxation of unexplained income, replacing the punitive 60% flat tax, which effectively rose to around 78% after including surcharge and cess, with a more nuanced, compliance oriented framework. Unlike the previous rigid regime, the new str

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About the Author

Chaitra Seetharam

Finance Professional

I write on Income Tax, TDS, ITR filing, banking rules, investment schemes, and financial law updates in India. My articles simplify complex tax provisions, compliance requirements, and policy changes to help taxpayers, professionals, senior citizens, and businesses stay informed and financially aware.

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