New Tax Regime Provisions under Income Tax Act 2025 and Budget 2026 for Individual & HUF

| Last updated: 19 March 2026

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The Income-tax Act 2025 and Budget 2026 introduce a new tax regime designed for simplicity and transparency, offering lower tax rates with fewer deductions. This regime aims to reduce paperwork and compliance burdens for individuals and HUFs. While it provides benefits like a standard deduction for salaried individuals and a rebate for incomes up to Rs 7,00,000, it also removes popular deductions like Section 80C and HRA, making the choice between the old and new regimes dependent on individual financial habits and savings goals.

Have you ever felt confused while choosing between the old and new tax regimes? You're not alone. Every year, tax rules evolve, and with the Income-tax Act 2025 and Budget 2026, the government has taken another step toward simplifying taxation for individuals and Hindu Undivided Families (HUFs). Think of the new tax regime like switching from a cluttered wardrobe to a minimalist one - fewer deductions, but cleaner and easier choices. However, does simpler always mean "better"? That's exactly wh

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1999

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3499

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3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Pranab Banerjee

Software Maker & Income Tax Practisioner

I am a B.com from Kolkata University, West Bengal. I have some knowledge in Ms. Excel and ors DBMS in Computer. I have also some knowledge about Accounts and Income Tax. I have already prepared various Excel Calculation software and shared the same. Visit My Web Site www.itaxsoftware.net OR More Income Tax Related E ... Read more

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