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The Times of India

Business / The Times of India

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Union Budget 2026: 10 key things individual taxpayers should know

Finance Minister Nirmala Sitharaman unveiled Union Budget 2026, simplifying tax filing with revised deadlines and reduced Tax Collected at Source on overseas tour packages to 2%. New rules ease compliance for small taxpayers and foreign asset holders. A one-time foreign asset disclosure scheme offers regularisation options. Global talent visiting India for up to five years will also see income exemptions.

2 Feb 2026 12:12 pm