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UNION BUDGET 2026Budget 2026: Focus on bringing tangible benefits to common man

January 19, 2026

The countdown to India's Union Budget 2026 is marked by significant changes, as the Finance Minister is expected to introduce legislative amendments to the new Income Tax Act, 2025, for the first time in over sixty years. This new Act aims for a simplified tax structure and a smoother transition for taxpayers amidst ongoing economic challenges.

India's Finance Minister Nirmala Sitharaman poses for a photograph as she leaves the ministry of finance to present the annual budget at the parliament in New Delhi on February 1, 2025

Credit: AFP/Money Sharma

Key Highlights

Union Budget 2026 is approaching with expectations for legislative changes.
First amendments to the Income Tax Act, 2025 will be proposed.
The new Act aims for a simplified tax structure and a 'Tax Year.'.
Professionals anticipate a smooth transition amid economic needs.
Inflation concerns remain a priority for the budget discussions.

India Business

Sources

UNION BUDGET 2026Budget 2026: Focus on bringing tangible benefits to common man

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

UNION BUDGET 2026Budget 2026: Focus on bringing tangible benefits to common man

Key Highlights

Sources

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