Is it time to rethink the old tax regime? Draft income tax rules, 2026, may change your tax math

Draft Income Tax Rules 2026 propose higher HRA, education, hostel and meal exemptions, potentially narrowing the gap between ...
The Courier-Journal

What is income tax? What to know as tax season starts.

Income tax is a government-levied tax on income generated by individuals and businesses. Taxes are used to fund public services, government obligations, and infrastructure like schools and roads.