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flag India to launch simplified income tax system on April 1, 2026, with fewer slabs and easier compliance.

flag 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. flag The move aims to streamline tax compliance by reducing complexity, offering fewer tax slabs, and introducing a uniform tax structure. flag The rules provide details on filing procedures, deductions, and exemptions under the revised framework. flag The government says the changes will enhance transparency and improve taxpayer compliance.

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