Budget 2026: In the upcoming budget on February 1, 2026, the government may make some significant decisions for the middle class and taxpayers. This budget could be particularly important for married couples. Married couples may be allowed to file a single return, instead of separate returns, with combined tax slabs and exemptions. The government may take a historic step towards simplifying the tax system.
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Who could benefit the most from Budget 2026?
According to current rules, husband and wife are required to file their taxes separately. However, in this budget, the government may introduce a new option for a joint return. This will be of greatest benefit to families where only one spouse earns or there is a significant difference in their income. In such cases, tax calculations will be made by combining the incomes of both, increasing the scope of tax exemptions and saving more money. With the implementation of joint taxation, income can be considered in two parts, due to which standard deduction can also be availed twice.
What will be the benefits after the implementation of joint tax?
If the joint tax rule is approved in Budget 2026, it could be the biggest change in India’s tax system to date. Its most direct impact will be on your savings. Until now, husband and wife had to claim their savings separately, but with the new rule, the entire family will be treated as a single unit and tax will be calculated accordingly.
This model is successful in foreign countries
You may be surprised to know that this system has been in place for years in major countries like the US and Germany. There, the entire family is treated as a single unit and tax is calculated accordingly. There are talks of implementing this global model in India so that the tax burden does not fall on any one person and the entire family receives true justice.
Freedom from extra taxes may be achieved
With the introduction of the joint tax system, this 50 lakh limit could be increased to 75 lakh rupees or even more. This simply means that those in the upper-middle class will now have to pay significantly less extra tax than before. This will not only increase your savings but also encourage you to earn more money and invest it wisely.
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