The Finance Bill 2026, introduced by the Ministry of Finance on 1st February 2026, focuses on procedural simplification, compliance rationalisation, and continuity in personal taxation. The Bill brings clarity on return filing timelines, updated return provisions, TDS/TCS rationalisation, and the transition to the Income Tax Act, 2025, effective from the next tax year.

To help organisations and employees understand these changes quickly, DKM Online has prepared a simplified synopsis of the key clauses impacting payroll processing, employee taxation, and employer compliance for FY 2026–27