Union Finance Minister Nirmala Sitharaman unveiled the Union Budget 2026 with a clear push toward higher capital expenditure while keeping personal income tax slabs unchanged. The Budget also offers targeted positives for NRIs, positioning the government’s roadmap around investment-led growth without altering tax brackets for individuals. The mix of capex momentum and stability in taxation is the standout takeaway.
Union Budget 2026 brings relief for Indians sending money abroad under the Liberalised Remittance Scheme. TCS for overseas education and medical expenses falls to 2 percent from 5 percent, easing the upfront tax burden. The budget also streamlines TDS for businesses providing manpower services, fixing taxes at 1 percent or 2 percent under contractor provisions.
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Union Budget 2026 maintains India’s tax framework for senior citizens without introducing major new relief measures. While the changes are minimal and the overall rules stay largely the same, retirees hoping for fresh tax breaks may find their retirement planning assumptions need revisiting. The budget focuses more on continuity than on targeted senior-focused easing.
Finance Minister Nirmala Sitharaman’s Budget 2026 proposes new rules for Non-Resident (NRI) investors. The individual equity investment limit for overseas residents is set to double to 10 percent, while the overall cap for all non-residents will rise to 24 percent. The move is aimed at encouraging greater foreign capital inflows into Indian markets.
Union Budget 2026 confirms Ayushman Bharat support for senior citizens aged 70 and above, with health coverage continuing up to Rs 5 lakh annually regardless of income. The scheme also retains Aadhaar as a required step for enrollment. Eligible beneficiaries can apply online or through the Ayushman App, ensuring access without needing income proof.
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