New Delhi: Union Budget 2026 just rewired everyday expenses—making healthcare, gadgets, travel, and education lighter on the wallet, while alcohol, luxury goods, and stock trading get pricier.
Presenting her ninth consecutive Budget, Finance Minister Nirmala Sitharaman rolled out sharp customs duty cuts on essential imports and tightened penalties on financial non-compliance—sending a clear signal: save on necessities, pay more for indulgence and speculation.
✅ What Gets Cheaper
Young India scores big on essentials and experiences:
Gold Rate
28 Jan 2026
• Cancer treatment becomes more affordable as customs duty is removed on 17 critical cancer medicines.
• Seven rare diseases now qualify for duty-free imports of drugs, food, and medical inputs.
• Foreign trips get cheaper with TCS on overseas tour packages slashed to 2%.
• Studying abroad also costs less as TCS under the Liberalised Remittance Scheme drops to 2%.
• Microwave ovens and electronics components see duty cuts—meaning household gadgets (and parts used in mobiles and appliances) should get cheaper over time.
• Leather goods like shoes and bags turn more pocket-friendly thanks to duty-free inputs.
• Clean-energy gear, solar glass materials, and nuclear project imports are now cheaper, pushing India’s green transition.
❌ What Gets Costlier
But the party isn’t free everywhere:
• Alcohol and luxury goods will now pinch harder.
• F&O traders face higher costs as Securities Transaction Tax jumps from 0.02% to 0.05%.
• Income tax misreporting now attracts a penalty equal to 100% of the tax due.
• Non-disclosure of movable assets also brings fresh penalties.
Budget 2026 clearly backs health, tech access, education, and clean energy-while cracking down on luxury spending, risky trading, and tax shortcuts.
