Candidates seeking party tickets must submit applications between February 20 and March 2, a release from Anna Arivalayam, the DMK state headquarters, quoting general secretary Duraimurugan, said. Chennai: The DMK on Wednesday invited applications from party aspirants interested in contesting the
Eight skiers perished in a devastating avalanche in California's Sierra Nevada mountains. One more skier is presumed dead. This incident marks one of the deadliest avalanches in United States history. Rescue teams faced extreme weather conditions to reach survivors
Pope Leo lamented a world “in flames” due to wars and the destruction of the environment during an Ash Wednesday Mass, opening the season of Lent for the world’s Christians. Before sprinkling ashes on the heads of participants, a sign of mortality
This marks the third statement issued by Galgotias University after controversy erupted over the presentation of a Chinese-made robot dog as the university’s own innovation at the AI Impact Summit 2026 on Tuesday. Amid the ongoing robodog controversy
Microsoft said on Wednesday it did not think the U.S. Immigration and Customs Enforcement agency was using its technology for mass surveillance of civilians but added that it provided cloud-based productivity and collaboration tools to ICE.The statement from the technology company came in
In a social media post, Trump said that if Iran refuses to make a deal, then the United States would need Diego Garcia and its airfield in Fairford. Trump also claimed that Starmer will have to remain strong in the face of Wokeism. United States President Donald Trump has once again reiterated his
"Do not give away Diego Garcia," US President Donald Trump has said as he criticised the UK's plan to hand over the Chagos Islands to Mauritius and lease back an important military base. Trump said "this land should not be taken away from the UK" and if it did it would be "a blight on our Great
Tension gripped a branch of Punjab National Bank (PNB) in west Delhi’s Kirti Nagar after a woman and her mother-in-law alleged that gold ornaments kept in their bank locker had gone missing, setting off panic among customers and sparking a flurry of rumours about a possible theft
Budget 2026: Will Joint Taxation For Married Couples Become A Reality In India?
Budget 2026: Will Joint Taxation For Married Couples Become A Reality In India?
The Union Budget has everyone hooked, and what most people want to know is whether there will be more tax cuts like last time, which gave a huge leg-up and bonanza to taxpayers.
While there is no such indication, an idea doing the rounds is that of joint taxation for married couples, which policymakers believe could be a game changer for households. If accepted and announced by the Finance Minister, it would benefit millions of married couples and mark a major shift in how personal taxation operates.
The basic premise is that a household is treated as one unit. Currently, even when both spouses are working or have independent sources of income, taxes are filed individually. This could change if the option of couple taxation is introduced, as it would recognise shared expenses and assets.
Here is what couple tax means. Under joint filing, a single ITR with combined income would be assessed against a restructured tax slab. For instance, there could be no tax up to Rs 6 lakh and a 5 per cent tax on income between Rs 6 lakh and Rs 14 lakh.
According to government sources, this system would simplify tax filing and ease compliance. It would reduce paperwork and make it easier for couples to manage their tax matters. It could also benefit households with a single earning member, as the exemption threshold and effective tax liability may become more favourable.
The concept could benefit single-earner couples as well as double-income families, who may gain from higher basic exemptions and standard deductions. It could also allow deductions for home loan and education loan interest. At present, a surcharge is levied on income above Rs 50 lakh; under couple taxation, this threshold could be raised to Rs 75 lakh.
However, the option would be voluntary and primarily beneficial for middle-income earners. For those in higher income brackets, it may not be as advantageous, as combined income could push them into higher tax slabs.
If accepted and announced, it would signal another major overhaul and modernisation of India's tax structure. Currently, there is no distinction between married and unmarried individuals for tax purposes. Couples have separate PANs, and if one spouse has no income, their exemption goes unused.
The proposal has been suggested by the Institute of Chartered Accountants to the Finance Ministry and is already popular in several countries, including Germany and the United States.
Source: News18
Related Posts: UAE defeats India before Pakistan game on 15 February - Know Detail Thought of the Day by Sachin Tendulkar ‘People throw stones at you and you con What students must know AI in hospitals Want To Try Making Baby Food At Home 175 people fall ill after consuming Tamil Nadu FM tables Interim Budget Five People arrested in Rohit Shetty shooting case sent back to police custody Rajasthan BJP MLA says party ‘gave birth to boy child’ in first Budget Jharkhand speaker chairs all-party meet ahead of assembly's Budget session BJP's Budget A Son
Tu Meri Main Tera Main Tera Tu Meri released on Christmas last year. However, it didn’t receive the love that was expected, despite starring big names like Ananya Panday and Kartik Aaryan. The film, directed by Sameer Vidwans, is a romantic comedy that tries to capture hearts with its quirky love
51 minutes ago
Pakistan secured a spot in the T20 World Cup Super Eight. Sahibzada Farhan scored a century in their win against Namibia. This victory propelled Pakistan into the next stage of the tournament. Namibia finished their campaign without a win. All Super Eight teams have also qualified for the 2028
51 minutes ago
The emergence of walk-in weight-loss injection services in the UK—where high-street pharmacies now offer “skinny jabs" like Wegovy and Mounjaro—marks a transformative and controversial chapter in public health. While these services promise to democratise access to life-changing metabolic
51 minutes ago
Nelson Mandela’s powerful quote reminds you that education is the strongest tool to transform our lives and create positive change in the world. In today’s fast-moving world, negativity spreads very quickly. Stress, confusion, self-doubt, and repeated mistakes can make life feel overwhelming
51 minutes ago
Maharashtra's Congress party has labelled the state government's decision to cancel a 2014 order granting reservation to Muslims as an act of vengeance. The government maintains the move is merely procedural, as the quotas were not effectively in place
51 minutes ago
Oh, sweet niblets! Hannah Montana fans say an upcoming special will be the "perfect way" to mark the TV show's 20th anniversary. Miley Cyrus will return to her Disney roots for the programme, which will celebrate the series she starred in from 2006 to 2011.Oh
51 minutes ago
Social media users voiced strong reactions after the family of Donald Trump filed trademark applications linked to airport names, with many criticising the idea and questioning its purpose. One user wrote, “Any airport with Trump’s name on it should be closed," while another commented
51 minutes ago
As deliberations progressed at the AI Summit 2026 in New Delhi, the conversation matured from broad ambition to structural clarity. The focus shifted decisively toward governance convergence, sector-specific deployment, and long-term capital strategy
51 minutes ago
The U.S. government has signed an agreement with Uzbekistan to secure better access to the Central Asian country’s critical minerals, as U.S. President Donald Trump moves to counter China’s dominance of crucial resources and their supply chains
50 minutes ago
IND vs NED ICC T20 World Cup 2026 Group A match no 36 LIVE: Suryakumar Yadav’s Team India will like to enter the Super 8 with an all-win record after their final league match vs the Netherlands at the Narendra Modi Stadium in Ahmedabad on Wednesday
51 minutes ago
Vinicius Junior scored a brilliant goal but the focus after Real Madrid's win at Benfica on Tuesday was on another incident of alleged racist abuse aimed at the Brazilian. - A question many ask is why Vinicius is so often the target of racist abuse, rather than other Real Madrid players
51 minutes ago
The AI Impact Summit at Bharat Mandapam will remain closed to the general public on February 19 due to security arrangements and restricted events as Prime Minister Narendra Modi is scheduled to visit the expo. However, the good news is that the government has decided to extend the AI summit by one
51 minutes ago
If Lady Whistledown had competition from India, it would be this cutest, no-nonsense dadi who is all over the Internet for her take on Bridgerton. A viral clip titled “OG dadi reacts to Bridgerton" is currently winning hearts online, proving that Regency-era romance has officially crossed
51 minutes ago
Salim Khan has reportedly been placed on ventilator support after a sudden spike in blood pressure led to internal bleeding; surgery is scheduled for Wednesday morning. Salman Khan’s father, Salim Khan on ventilator: Veteran screenwriter Salim Khan has reportedly been placed on a ventilator
51 minutes ago
Google Pixel 10a Price In India: The device runs on Android 16 out of the box. Google has committed to providing seven years of operating system upgrades and seven years of security updates, a move aimed at extending the device’s longevity.Google Pixel 10a Price In India: The device runs on
51 minutes ago
A political slugfest broke out after a Rajasthan BJP MLA drew a gendered comparison between the present BJP government’s budget and that of the previous Congress regime. While participating in the debate on the budget on Monday, BJP MLA Bahadur Singh Koli compared the BJP government’s financial
51 minutes ago
The Patna High Court on February 11 granted bail to a man accused of shouting abusive slogans about Prime Minister Narendra Modi and his mother during an Opposition rally in Bihar in August. A man had been arrested on August 29, two days after the incident occurred during the INDIA bloc’s rally
51 minutes ago
The Delhi High Court on Wednesday (February 18, 2026) asked the Union government to reply to a petition challenging certain provisions of the Digital Personal Data Protection (DPDP) Act, 2023, for allegedly enabling surveillance and excessive control of the Executive as well as undermining judicial
51 minutes ago
Delhi traffic advisory: Heavy VIP movement is expected through the day, and commuters should brace for congestion, especially in the afternoon and evening. The Delhi Traffic Police has issued a fresh advisory for Thursday, February 19, warning of continued traffic restrictions and diversions across
51 minutes ago
US investigators have reportedly been in touch with Mexican authorities about the disappearance of American news anchor Savannah Guthrie's mother, as the search stretches into a third week. The sheriff's department in the US state of Arizona and FBI declined to confirm they had contacted
51 minutes ago
A narrow lane in Mumbai city's upmarket Colaba area opens up to a patch of land filled with small concrete cubicles - nooks washermen use to clean and dry the city's laundry. Surrounding the area are shanties painted in bright hues - red, blue
51 minutes ago
US President Donald Trump's statement about discussing arms sales to Taiwan with Chinese President Xi Jinping has sparked worry in Taipei. Experts suggest this may breach long-standing US foreign policy. Trump's remarks could set a concerning precedent for future arms deals
51 minutes ago
The trailer of Psycho Saiyaan starring Ravi Kishan showcases a thrilling tale of intense love, obsession, and power, set to stream on Amazon MX Player from February 25. Mumbai: The trailer of the upcoming streaming show ‘Psycho Saiyaan’ was unveiled on Wednesday. The trailer introduces Kartik
51 minutes ago
Bill Gates, Founder of Microsoft, will not be attending the AI Impact Summit 2026 happening in Bharat Mandapam, New Delhi, India. In a surprising turn of events, it has been confirmed that Bill Gates, who was also one of the biggest highlight of the AI Impact Summit 2026 is not going to attend the
51 minutes ago
The Supreme Court witnessed a heated exchange between the Enforcement Directorate and the West Bengal government. Arguments centered on allegations of obstruction during recent searches. The state questioned the maintainability of the ED's plea
51 minutes ago
The Pakistan hockey captain tore into the Pakistan Hockey Federation after returning from what he described as a chaotic and humiliating tour of Australia, where players allegedly roamed the streets without accommodation and even washed dishes before matches.Shakeel Ahmad Butt did not hold back
51 minutes ago
Silver Prices Today Feb 18 2026: Silver prices today witnessed sharp volatility, even as gold slipped, with global cues and currency movements shaping sentiment in the precious metals market. In overseas markets, silver remained volatile, while gold traded below the $4
51 minutes ago
