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Budget 2026: Union Finance Minister Nirmala Sitharaman has announced that tax collected at source for several purposes will now be charged at 2% instead of 5% or 20%. 

Starting 1 April 2026, any compensation and interest awarded by the Motor Accidents Claims Tribunals to an individual or their legal heirs will be entirely exempt from income tax.

Finance Minister Nirmala Sitharaman presented the 2026-27 Union Budget, focusing on capital expenditure and sector incentives. Additionally, taxes on certain goods have been reduced, while tobacco and alcohol rates have been hiked. 

The Budget has also proposed lowering the TCS rate on expenses incurred for pursuing education and for medical treatment abroad under the liberalised remittance scheme

In the Union Budget 2026-27, Finance Minister Nirmala Sitharaman proposed that the buyback proceeds for all types of shareholders will be taxed as capital gains. Details here.

Union Budget 2026 proposes extending the deadline for filing revised income-tax returns to 31 March from 31 December, as FM Sitharaman announces key compliance changes under the Income Tax Act, 2025.

Budget 2026 income tax announcements: Salaried taxpayers and the middle class citizens of India were expecting major income tax announcements after the relief that FM Sitharaman announced last year.

Union Budget 2026: FM Nirmala Sitharaman announces a new automated scheme for small taxpayers in the FY27 Budget, enabling lower or nil tax deduction certificates, reducing TCS on overseas spending, and extending income-tax return deadlines.

Income Tax Slabs Budget 2026 Live Updates: FM Nirmala Sitharaman will present her ninth Budget today. Ahead of Budget 2026, taxpayers are wishing for income tax rate cuts today. Follow along for all LIVE updates on Budget 2026 income tax announcements.

Budget 2026: The old tax regime still offers key deductions like Section 80C and House Rent Allowance (HRA). Plus, the New Income Tax Act 2025 permits filing ITRs under the old regime, keeping it relevant despite the push towards the new regime.

At Mint Horizons Kolkata, Neil Borate emphasised that global investing is an ingrained instinct for Indians, citing gold as a historical example. He discussed the importance of geographic diversification and various routes for Indian investors to gain global exposure.

Rather than splurging, Indias young professionals are adopting disciplined, flexible budgeting to navigate their first years of earning.

Anup Upadhyay, fund manager at SBI Mutual Fund, said about 70% of the SBI Flexi Cap Fund is now in large caps, up from 55% a year ago. In an interview with Mint, he also spoke about his outlook for the market, sectoral bets, and structural changes in the SBI Flexi Cap Fund.

The budget 2026 is just one stop on your investment journeyit does not change your destination.

Assigning a nominee in a life insurance policy ensures faster claim settlement, legal clarity and financial security for families when they need it most.

Hiba made in favour of unborn children is invalid. A key principle that governs Hiba is the fact that Hiba can be effected inter vivos or among living persons. When a Hiba is made to a child in the womb, it would stand valid only if the child is born alive within 6 months from the date the Hiba.

Recent rulings in the Binny Bansal and Tiger Global cases signal that day counts and paper relocations are no longer enough. Tax authorities are looking for real overseas substance before granting non-resident status or treaty benefits.

From false scarcity to hidden fees, digital platforms are engineered to extract maximum value. Here are the psychological weapons used against your wallet.

The Internal Revenue Service officially started accepting 2025 tax returns on 26 January, launching a taxpaying season that the White House projects could deliver an additional $100 billion returns to taxpayers.

The latest UAN linked to your last employer should be retained, and the older one linked to your first employment must be merged

In an economy that demands diversification to survive, the best investment you can make might just be the one you do on a Saturday afternoon.

ELSS does not offer tax deductions under the New Tax Regime. However, it still has the potential to deliver strong returns and create wealth. With a three-year lock-in period, ELSS can help investors overcome emotions such as greed and fear and become more disciplined.

From crypto SIPs and precious metals to IPO mania, 2025 saw investors chase returns like never before. As markets remind them of risk, 2026 calls for discipline over FOMO.

Understanding the crucial difference between nominees and legal heirs can save families from disputes and ensure smooth asset transfer.

As fraud risks rise and finance grows more complex, adult children across urban India are becoming informal money managers for ageing parentsmanaging investments, blocking mis-selling and navigating a delicate balance between protection and autonomy.

As gold hits record highs, many investors assume silver is the obvious next bet. History shows that thinking can quietly damage long-term portfolios.