🧾 Budget 2026: What Gets Cheaper and What Gets Costlier

EconomyNews
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The Union Budget 2026 announced by Finance minister Nirmala Sitharaman has brought relief in several areas through customs duty cuts and tax rate reductions, while tightening rules and penalties in others. Here’s a simple, visual breakdown πŸ‘‡

🟒 WHAT GETS CHEAPER πŸ’Έβ¬‡οΈ

✈️ Overseas Travel & Education

  • 🌍 Overseas tour packages
    ➝ TCS reduced from 5–20% to just 2%

  • πŸŽ“ Foreign education expenses
    ➝ Lower TDS under the Liberalised Remittance Scheme (LRS)

🍷 Raw Materials & Exports

  • πŸ§ͺ Alcoholic liquor scrap & select minerals
    ➝ Import duty cut from 5% to 2%

  • πŸ‘ž Shoe upper exports
    ➝ Duty-free import of inputs allowed

⚑ Green Energy & Transition

  • πŸ”‹ Energy transition equipment
    ➝ Basic Customs Duty (BCD) exempt

  • β˜€οΈ Solar glass ingredients
    ➝ BCD exempt

  • πŸͺ¨ Capital goods for critical minerals
    ➝ BCD exempt

✈️ Manufacturing & Consumer Goods

  • πŸ›« Aircraft manufacturing components (civilian)
    ➝ BCD exempt

  • 🍲 Microwave ovens
    ➝ BCD exempt

  • 🧳 Personal-use imports
    ➝ BCD reduced from 20% to 10%

πŸ₯ Healthcare, Fisheries & Power

  • πŸ’Š Drugs for rare diseases & cancer
    ➝ BCD exempt

  • 🐟 Fish catch by Indian fishermen (Indian waters)
    ➝ BCD exempt

  • βš›οΈ Goods for nuclear power projects
    ➝ BCD exempt

πŸ”΄ WHAT GETS COSTLIER πŸ’°β¬†οΈ

⚠️ Tax & Compliance

  • πŸ“„ Income tax misreporting
    ➝ Penalty raised to 100% of tax due

  • πŸ’Ό Non-disclosure of movable assets
    ➝ Penalty now applicable

πŸ“ˆ Stock Market Trading

  • πŸ“Š Stock options & futures trading
    ➝ Securities Transaction Tax (STT) increased from
    0.02% ➝ 0.05%

🧠 In Simple Terms

βœ”οΈ Budget 2026 makes travel, education, healthcare, green energy, and manufacturing cheaper
❌ But it becomes stricter on tax evasion and more expensive for derivatives traders

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