Is India’s Tax System Changing? Joint Tax for Married Couples | Shubham Sisodiya

Описание: 1. ✍️Start your UPSC Preparation with India’s Top Educators – Now at JUST ₹24,999 : https://unacademy.com/goal/upsc-civil...
🚀 Don’t wait – Secure your seat now & start your journey towards UPSC success today!

2. 🎓 UPSC CSE Batches
प्रारंभ 2027 (हिंदी): https://unacademy.com/batch/2027-659/...
Aagaz 2027(Bilingual): https://unacademy.com/batch/aagaz-202...

3. 🔁Unacademy Revision Test Series ₹1999: https://unacademy.com/goal/-/KSCGY/su...

--------

Is India’s Tax System Changing? Joint Tax for Married Couples | Budget 2026 | Shubham Sisodiya Current Affairs

Union Budget 2026 potentially holds a major tax reform for millions of Indian households — especially married couples.
Current tax law treats every individual separately, even after marriage. But now ahead of Budget 2026, the government is considering optional “Joint Taxation” that lets spouses file one combined income tax return instead of two separate ones.

This change — proposed by the Institute of Chartered Accountants of India (ICAI) — aims to bring India’s tax system closer to models seen in the USA, Germany and other countries where married couples can file jointly.

Under the proposed joint taxation system: 🔹 Husband-wife can combine incomes and tax them under a special joint slab.
🔹 Basic exemption limit could effectively double (e.g., couples’ combined limit from ₹3L to ₹6L).
🔹 Standard deductions and exemptions (like home loan interest, medical insurance) may be better utilized.
🔹 Surcharge thresholds might be adjusted to benefit families.

If implemented, married couples — particularly single-income families — could save significantly on tax and enjoy lighter compliance.

However, expert voices also stress that the change must be carefully structured to avoid revenue leakage and administrative complexity.

📊 This video covers: • What is Joint Taxation?
How it works & possible benefits
Why ICAI recommended it
Global practices vs India’s system
Budget 2026 implications
Who gains the most and who may not

💡 Update: This proposal is being discussed ahead of the Union Budget 2026 presented by Finance Minister Nirmala Sitharaman as part of broader tax reforms.
--------

👨‍🏫 About the Educator: Shubham Sisodiya
Profile: https://unacademy.com/@07ZBS8C65LEF/a...
Free Classes: https://unacademy.com/class/m-1-snvid...
Plus Classes: https://unacademy.com/class/upsc-cse-...

--------

Follow Us On:
📢 Telegram: https://t.me/lets_crack_upsc_cse_hindi
🧑‍🏫Shubham Sisodiya Telegram:https://t.me/shubhamsirunacademy
📸 Instagram:   / unacademyupsccse  
📲Call: 8585858585

Let's Crack It!⭐

--------

TAGS

#UnionBudget2026 #NirmalaSitharaman #JointTaxation #MarriedCouplesTax #PMModi #ModiGovernment #ICAI #IncomeTax #TaxReform #JointITR #TaxSavings #IndiaBudget #PersonalFinance #TaxNews #Budget2026Explained #FinancialPlanning #TaxationIndia #BudgetUpdates #EconomyNews #currentaffairs #shubhamsisodiya #shubhamsisodiyaupsc #shubhamsisodiyacurrentaffairs #upsccurrentaffairs #upsc #ias

union budget 2026,joint taxation married couples,joint tax filing india,budget 2026 tax changes,nirmala sitharaman budget,modi government tax reform,married couples tax benefit,ICAI joint taxation proposal,income tax return joint filing,personal tax reform india,budget expectations 2026,tax slab changes 2026,family tax system india,tax saving married couples,income tax india,joint ITR filing budget,personal finance india,how joint taxation works,budget news india,tax reform explained,shubham sisodiya,shubham sisodiya current affairs,upsc current affairs,unacademy upsc hindi