The Times of India

Budget 2026: A turning point for financial services firms looking to set up GCCs in India

The Budget proposes a significantly expanded Safe Harbour regime for IT services, with a uniform safe harbour margin of 15.5% and an enhanced threshold that rises from 300 crore to 2,000 crore. Earlier differences between KPO, BPO, and other services often led to classification issues, especially for diversified and larger GCCs.