Union Budget 2026-27: Sitharaman calls to reduce tax collected on source for pursuing education, medical purposes under to 2%
Finance Minister Nirmala Sitharaman proposed reducing the tax collected on source (TCS) for educational and medical purposes under the liberalised remittance scheme (LRS). She also suggested lowering TCS rates for overseas tour program packages from 5% to 2%, without any amount-based segregation. This proposal aims to simplify the process and encourage more individuals to utilize these schemes.
1 FEB 2026
— The Hindu
The Finance Minister proposed a ₹1.30 lakh crore budget for agriculture in 2026-27, marking a 2.6% increase from the previous year.
— The Hindu
The Union Budget 2026 allocates increased funding to strengthen the fisheries and animal husbandry sectors through various schemes.
2 FEB 2026
— The Hindu
The Union Budget 2026-27, presented by Nirmala Sitharaman, focuses on technology-driven reforms and trade facilitation to enhance India's attractiveness as an investment destination.
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