No tax cuts, FM tries to ease life for taxpayers in 2026 Budget
The Finance Minister has eased tax burdens for citizens, particularly those with children studying abroad or seeking overseas medical treatment, by reducing the Tax Collected at Source (TCS) from 5% to 2%. This move also significantly lowers TCS on international tour packages, boosting outbound tourism by freeing up traveler liquidity and reducing upfront cash outlays.
The Finance Minister has eased tax burdens for citizens, particularly those with children studying abroad or seeking overseas medical treatment, by reducing the Tax Collected at Source (TCS) from 5% to 2%. This move also significantly lowers TCS on international tour packages, boosting outbound tourism by freeing up traveler liquidity and reducing upfront cash outlays.
