Union Budget 2026: Why The Government Must Focus On Joint Taxation, Uday Ved Explains

Union Budget 2026: Why The Government Must Focus On Joint Taxation, Uday Ved Explains

The growing debate in India over introducing a joint taxation mechanism for married couples in the upcoming Budget 2026 argues that the current system of individual taxation creates an unfair burden on married couples, especially dual-income households. Under the existing regime, both spouses are taxed separately on their individual incomes, often pushing them into higher tax slabs and resulting in a higher overall tax liability compared to if their incomes were clubbed and taxed jointly. This “marriage penalty” is particularly harsh for middle-class families where both partners earn similar or moderate incomes, as it eliminates the benefit of progressive tax slabs that single earners or couples with one primary earner enjoy.

Countries like the United States, the United Kingdom, and several European nations offer joint filing options or tax relief for married couples, allowing income splitting or deductions that reduce the effective tax rate. Uday Ved, Tax Partner, KNAV, briefs on what the Budget 2026 must focus on.

#UnionBudget2026 #JointTaxation #TaxReforms #UdayVedExplains #BudgetHighlights #IncomeTaxIndia #FamilyTaxSavings #FiscalPolicy2026

#RepublicWorld #RepublicTV #BreakingNews #RepublicNews #IndiaNews #LiveNews #RepublicExclusive #RepublicWorldLive #ArnabGoswami #RepublicDigital #NationFirst

Watch More ➡️ Videos On: https://www.youtube.com/@RepublicDefence

Visit Now ➡️ Full Story On: https://www.republicworld.com

-------------------------------------------------------------------------------------------------------

Republic TV is India's no.1 English news channel since its launch. Watch Republic YouTube Channel to get all the breaking news updates, LIVE news, videos and perspectives from Republic Media Network's battery of reporters, anchors, and producers spread across India and the world. Watch Republic for Arnab Goswami's most watched debates. Republic TV makes news accessible at all times and across devices. At Republic, we keep you updated with up-to-the-minute news on the world of politics, sports, entertainment, business, defense, science, health, lifestyle, gadgets, and much more.

We believe in Breaking the story and Breaking the Silence. But most importantly, for us ‘You Are Republic, We Are Your Voice.’

Also, Watch ►
Republic TV Live News Updates ►http://bit.ly/RepublicTVLiveNews
The Debate With Arnab Goswami ► http://bit.ly/TheDebateWithArnabGoswami
Exclusive Sunday Debate With Arnab Goswami ► http://bit.ly/SundayDebate
The Grand Strategy With Maj Gen G.D Bakshi (Retd) ► https://bit.ly/3EPZ6xF
R.Explained ► https://bit.ly/3sOLT5K
R.Uninterrupted ► https://bit.ly/34isZdh

🌟 Don’t just watch the news—LIVE IT with Republic!
From the big headlines to behind-the-scenes moments, follow us everywhere:

🌐 Website: www.republicworld.com
👍 Facebook: https://www.facebook.com/RepublicWorld
🐦 Twitter: https://twitter.com/republic
📸 Instagram: https://www.instagram.com/republicworld
📢 Telegram: https://t.me/RepublicLive

📱 WhatsApp Channels:
💬 Digital: https://whatsapp.com/channel/0029VaALjvmCRs1xIH3e003K
💬 World: https://whatsapp.com/channel/0029Va1whYb7dmeZr7v3ar0y

Disclaimer: Republic Media Network may provide content through third-party websites, operating systems, platforms, and portals (‘Third-Party Platforms’). Republic does not control and has no liability for Third-Party Platforms, including content hosted, advertisements, security, functionality, operation, or availability.

Видео Union Budget 2026: Why The Government Must Focus On Joint Taxation, Uday Ved Explains канала Republic World