Budget 2026–27: No Change in Tax Slabs, Relief Through Compliance Reforms & Capital Gains Adjustments

Income-tax slabs: No changes for FY 2026&ndash;27.
ITR deadline: Revised return filing window extended to March 31.
TCS relief: Lower rates on overseas travel, education, and medical remittances.
Capital gains: Streamlined rules for securities and property transactions.
STT hike: Higher tax on equity derivatives to boost revenue.
Compliance: Stricter disclosure norms for foreign assets.

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

Finance Minister Nirmala Sitharaman’s Union Budget 2026–27 kept income-tax slabs unchanged, but introduced reforms to ease compliance and improve investor confidence. Key measures include an extended ITR correction deadline, reduced TCS on overseas remittances, adjustments in capital gains taxation, and higher Securities Transaction Tax (STT) on equity derivatives.