Union Budget 2026 – Key Changes in Income Tax, TDS/TCS, STT and GST
Union Budget 2026 focuses on tax certainty and structural reforms rather than headline rate changes. While income-tax and GST rates remain unchanged, the Budget introduces key procedural reforms including rollout of the new Income-tax Act, consolidation of assessment and penalty proceedings, rationalisation of TDS and TCS rates, STT changes for derivatives, IFSC/GIFT City incentives, and GST compliance simplification. This article summarises the key tax highlights relevant for taxpayers, businesses and investors.