Budget 2026 | India's Fiscal Shift: 2026 Budget Replaces Deficit with Debt Rule

The Union Finance Ministry released detailed FAQs and circulars on Monday, February 9, 2026, to provide greater clarity on the simplified tax slabs and exemptions announced in the Budget 2026 speech. This move aims to help Indian taxpayers and experts better understand the new tax regime, addressing queries raised since the budget presentation.

The Central Board of Direct Taxes (CBDT) yesterday released detailed clarifications and FAQs on the new optional income tax slab structure for individuals, a key direct tax reform from Budget 2026. This move aims to help individual taxpayers understand their eligibility and the implications of choosing the new regime.

India's Ministry of Finance unveiled the Digital Green Infrastructure Bond (DGIB) scheme, targeting INR 150 billion for sustainable digital projects. This initiative aims to accelerate capital allocation towards technology-driven environmental solutions and enhance the nation's green finance market.

The Ministry of Finance introduced substantial allocations for green energy transition and digital infrastructure in Budget 2026, targeting a 12% increase in renewable capacity and broader digital inclusion. These measures are projected to attract ₹1.5 lakh crore in private investment by 2028, according to Deloitte India.

India's upcoming Budget 2026 aims to establish a less adversarial and more predictable tax system. This initiative seeks to benefit both individual taxpayers and multinational corporations by streamlining assessment and penalty procedures.

India's 2026 Union Budget proposes two new initiatives to support persons with disabilities. The schemes aim to enhance skill development in key sectors and provide timely access to assistive devices across the nation.