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Budget 2026: Tax Changes That’ll Make You Go Wow!

Budget 2026: Tax Changes That’ll Make You Go Wow!

Ladies and gentlemen, Budget 2026 has landed, and income tax slabs are still on their beauty sleep! But wait, there’s a plot twist: STT on derivatives just got a makeover! Stock options now sport a sleek 0.15%. Share buybacks? Get ready for a dazzling 30% capital gains tax. And for our motor accident heroes, compensation is now tax-free! Mark March 31 on your calendars for revised returns — new rules drop on April 1, looking sharper than my latest suit.

Quick rundown

  1. Income tax slabs remain unchanged in 2026.
  2. Higher STT rates proposed for F&O trades.
  3. Buybacks to be taxed as capital gains, not dividends.
  4. Motor accident compensation interest becomes tax-exempt.
  5. New Income Tax Act to simplify rules from April 1.

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