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The Economic Times

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Union Budget 2026: Govt raises TCS on coal, lignite to 2%

Finance Minister Nirmala Sitharaman has increased the tax collected at source on coal and lignite sales. The rate will now be 2%, up from 1%. This move is part of a larger plan to simplify tax collection. Coal remains vital for India's energy and industry. Production is expected to rise significantly.

1 Feb 2026 7:05 pm