Budget 2026: Key Tax Changes Every Business Owner Must Know
The Finance Minister announced significant changes to the Income Tax Act in Budget 2026. From revised tax slabs to new deduction limits, here's everything you need to know about how these changes will impact your business and personal finances. We break down the complex amendments into actionable insights for startups, MSMEs, and established enterprises.
Key Highlights:
- New tax regime becomes default for businesses incorporated after April 2026
- Standard deduction limit increased to โน75,000 for salaried individuals
- Section 80C limit raised to โน2 lakh
- Startup tax holiday extended to 5 years
- New compliance requirements for turnover > โน50Cr