Under the draft, PAN will be required only if total cash deposits or withdrawals reach ₹10 lakh in a financial year.
Public capital expenditure was raised to ₹12.2 trillion for FY2026–27.
The Act introduces tables and formulas. Around 39 tables and 40 formulas replace lengthy legal text.
Understanding these hidden aspects can help you avoid extra taxes and maximise take-home pay.
This extension, while welcome, has added to the already heavy compliance load for October.