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India to launch simplified income tax system on April 1, 2026, with fewer slabs and easier compliance.
The Central Board of Direct Taxes (CBDT) has issued the rules for the new simplified income tax law, set to take effect on April 1, 2026.
The move aims to streamline tax compliance by reducing complexity, offering fewer tax slabs, and introducing a uniform tax structure.
The rules provide details on filing procedures, deductions, and exemptions under the revised framework.
The government says the changes will enhance transparency and improve taxpayer compliance.
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India lanzará un sistema simplificado de impuesto sobre la renta el 1 de abril de 2026, con menos láminas y un cumplimiento más fácil.