Why is this big news for the middle class?
Middle class is that class which:
- pays taxes on time
- follows the rules
- But what bothers me the most is the complexity of the system.
If the new Income Tax Act is really implemented in a simple manner, it can prove to be a long-term relief for the middle class.
The new Income Tax Act to be implemented from April 1, 2026 is not just a legal change, but an attempt to bring the tax system closer to the common people. If the government lives up to its promise, filing ITR may become a simple formality rather than a stress in the coming years.