India Union Budget 2026-27
India Union Budget
2026-27
Key sector-wise Impact of India’s Union Budget 2026–27
at a glance
Key sector-wise Impact of India’s Union Budget 2026–27 at a glance
How Budget 2026 Will Impact
Key Sectors
Personal Finance
• Income-tax Act, 2025: From April 1, 2026 the old 1961 law will be replaced to make tax rules simpler. New forms and clearer wording will make filing easier for everyone.
• Lower TCS Rates: The tax on sending money abroad for education, medical treatment, or travel is cut from 5% to 2%.
• Extended Deadlines: Taxpayers now have until March 31 to file revised returns, and small taxpayers get a 6-month window to report foreign assets without penalties.
Startups
•₹10,000 Crore Growth Fund: A new SME Growth Fund is launched to help small enterprises scale up and become "Indian Champions".
•Easier Credit (TReDS): Unpaid invoices (receivables) are now recognized as asset-backed securities, making it easier for MSMEs to get cash from institutional investors.
Exporters
• Courier Value Cap: The ₹10 lakh limit on courier exports is removed, allowing small businesses to ship high-value goods easily.
• Automated Clearance: Cargo with electronic seals now receives complete end-to-end automated clearance, eliminating manual port delays.
• Seafood Industry Boost: Fish caught in deep-sea waters are now duty-free when brought to India and officially treated as exports when landed at foreign ports.
Digital Payments
• UPI Subsidy: The government has earmarked ₹2,000 crore to continue supporting and expanding free UPI payments.
• Cloud & Data Center Support: Foreign cloud providers using Indian data centers get a tax holiday until 2047, strengthening the digital infrastructure that fintech apps rely on for scale and security.
• Banking Roadmap: A new high-level committee will design the "Bank of the Future" to improve how credit reaches emerging digital sectors.
3 key outcomes of budget 2026
3 key outcomes of
budget 2026
Fastest Growth
India stays a global leader with a projected economic growth of 6.8% to 7.2%
Fastest Growth
India stays a global leader with a projected economic growth of 6.8% to 7.2%
Modern Tax Law
The Income-tax Act, 2025 replaces the old 1961 version for simpler, digital-first filing
Modern Tax Law
The Income-tax Act, 2025 replaces the old 1961 version for simpler, digital-first filing
Record Infra Spend
₹12.2 lakh crore allocated for 7 high-speed train corridors and 20 new waterways
Record Infra Spend
₹12.2 lakh crore allocated for 7 high-speed train corridors and 20 new waterways
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FAQs
Here are our most frequently asked questions!
What is Infinity’s global payments account?
How does it work?
Why should I use them?
What are multi-currency accounts?
Which countries are not supported?
When should I use the International SWIFT account, and when should I use the Local Account?
FAQs
What is Infinity’s global payments account?
What is Infinity’s global payments account?
How does it work?
How does it work?
Why should I use them?
Why should I use them?
What are multi-currency accounts?
What are multi-currency accounts?
Which countries are not supported?
Which countries are not supported?
When should I use the International SWIFT account, and when should I use the Local Account?
When should I use the International SWIFT account, and when should I use the Local Account?
Know More About Budget 2026-27
How Budget 2026 Will Impact Key Sectors
Personal Finance
• Income-tax Act, 2025: From April 1, 2026 the old 1961 law will be replaced to make tax rules simpler. New forms and clearer wording will make filing easier for everyone. • Lower TCS Rates: The tax on sending money abroad for education, medical treatment, or travel is cut from 5% to 2%. • Extended Deadlines: Taxpayers now have until March 31 to file revised returns, and small taxpayers get a 6-month window to report foreign assets without penalties
Personal Finance
• Income-tax Act, 2025: From April 1, 2026 the old 1961 law will be replaced to make tax rules simpler. New forms and clearer wording will make filing easier for everyone. • Lower TCS Rates: The tax on sending money abroad for education, medical treatment, or travel is cut from 5% to 2%. • Extended Deadlines: Taxpayers now have until March 31 to file revised returns, and small taxpayers get a 6-month window to report foreign assets without penalties
Startups
• ₹10,000 Crore Growth Fund: A new SME Growth Fund is launched to help small enterprises scale up and become "Indian Champions". • Easier Credit (TReDS): Unpaid invoices (receivables) are now recognized as asset-backed securities, making it easier for MSMEs to get cash from institutional investors.
Startups
• ₹10,000 Crore Growth Fund: A new SME Growth Fund is launched to help small enterprises scale up and become "Indian Champions". • Easier Credit (TReDS): Unpaid invoices (receivables) are now recognized as asset-backed securities, making it easier for MSMEs to get cash from institutional investors.
Exporters
• Duty Rationalisation: Industry seeks tax incentives and fixes for inverted duty structures. • MSME Support: MSMEs expect export credit and concessional financing support. • Global Infrastructure: Push for global shipping lines and stronger Indian product branding.
Exporters
• Duty Rationalisation: Industry seeks tax incentives and fixes for inverted duty structures. • MSME Support: MSMEs expect export credit and concessional financing support. • Global Infrastructure: Push for global shipping lines and stronger Indian product branding.
Digital Payments
• UPI Subsidy: The government has earmarked ₹2,000 crore to continue supporting and expanding free UPI payments. • Cloud & Data Center Support: Foreign cloud providers using Indian data centers get a tax holiday until 2047, strengthening the digital infrastructure that fintech apps rely on for scale and security. • Banking Roadmap: A new high-level committee will design the "Bank of the Future" to improve how credit reaches emerging digital sectors.
Digital Payments
• UPI Subsidy: The government has earmarked ₹2,000 crore to continue supporting and expanding free UPI payments. • Cloud & Data Center Support: Foreign cloud providers using Indian data centers get a tax holiday until 2047, strengthening the digital infrastructure that fintech apps rely on for scale and security. • Banking Roadmap: A new high-level committee will design the "Bank of the Future" to improve how credit reaches emerging digital sectors.