The Union Budget 2025-26 introduces key direct tax changes, including **no income tax for those earning up to ₹1 lakh per month** and **nil tax on annual income up to ₹12.75 lakh under the new tax regime**. The **time limit for updated income tax returns has increased from two to four years**, while **TDS on rent has been raised from ₹2.4 lakh to ₹6 lakh**. Additionally, delays in **TCS payments are now decriminalized**. More details are available [here](https://www.linkedin.com/feed/update/urn:li:activity:7291366247944929280).