Mumbai, Feb. 2 -- The Union Budget 2026-27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals and small taxpayers, part of a broader government effort to simplify tax administration and reduce procedural friction.

Income tax (I-T) filing due date was extended for certain category of taxpayers. Taxpayers filing ITR 3 and ITR 4 forms can file their tax returns by August 31 for non-audit business cases and trusts, instead of July 31.

Simpler form 15G, 15H filing

In a move to ease compliance, the Budget proposed that investors holding securities of multiple companies - and earning dividend income or interest income - will now just have to submit form 15G ...