India Union Budget 2026: Tax Slab Changes & Impact
The 2026 Budget is here! A comprehensive breakdown of the new tax slabs, infrastructure spending, and what it means for your wallet.
The 2026 Union Budget of India has introduced several key reforms aimed at boosting the middle class and simplifying compliance. Here's everything you need to know about the latest fiscal announcements.
New Tax Slab Adjustments
The government has further incentivized the New Tax Regime by increasing the standard deduction to ₹75,000 and revising the slabs. For most salaried professionals earning between ₹10L and ₹20L, the effective tax liability has decreased by an average of 5-8% compared to last year.
Focus on Green Hydrogen & Infrastructure
A significant portion of the capital expenditure has been allocated to the Green Hydrogen Mission. For investors, this signals a massive opportunity in the renewable energy sector, with tax holidays announced for startups working in carbon-capture technologies.
Key Updates at a Glance
- Standard Deduction increased to ₹75,000 for New Regime.
- Long-Term Capital Gains (LTCG) parity remains at 12.5%.
- Increased allocation for AI Research in Fintech hubs.