Budget 2026: Joint Tax Filing for Couples? Big Relief for Families Expected!

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News18•12-01-2026, 15:28
Budget 2026: Joint Tax Filing for Couples? Big Relief for Families Expected!
- •Budget 2026 discussions include potential joint income tax filing for married couples, treating families as single economic units.
- •This reform could offer higher basic exemptions at the family level, benefiting single-income households.
- •Current tax regimes (old and new) do not consider marital status or family size, disadvantaging single-income families.
- •Experts suggest incremental relief like raising standard deductions or revisiting slabs, rather than drastic tax slab changes after Budget 2025's overhaul.
- •Countries like the US and UK already implement joint tax filing, recognizing shared family responsibilities.
Why It Matters: Budget 2026 may introduce optional joint tax filing for married couples, offering significant relief to families.
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