Union Budget 2026: Joint IT Filing for Spouses? Major Tax Reforms Expected
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News18•11-01-2026, 11:05
Union Budget 2026: Joint IT Filing for Spouses? Major Tax Reforms Expected
- •Middle-class families anticipate tax relief and simpler IT filing in Union Budget 2026 amidst rising expenses.
- •The 2025 budget made income up to ₹12 lakh tax-free, benefiting millions of taxpayers.
- •A key discussion for Budget 2026 is allowing married couples to file joint income tax returns, treating the family as a single economic unit.
- •This joint filing system could offer higher basic tax exemptions at the family level, especially aiding single-income households.
- •Developed countries like the US and UK already have joint tax filing systems, recognizing family financial responsibilities.
Why It Matters: Union Budget 2026 may introduce joint IT filing for spouses, aiming for tax equality and family financial relief.
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