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As the new financial year begins on April 1, 2026, several changes announced in the Union Budget 2026 and new tax rules come into effect, directly impacting your daily expenses, investments, and lifestyle.
Cancer drugs and medicines for rare diseases become cheaper due to customs duty exemptions. Insulin and diabetes-related medicines may also see price reductions. Aimed at reducing healthcare costs for patients
Mobile phones and tablets may become cheaper due to lower duty on components. Microwave ovens and electronic parts see reduced costs. Boost to domestic manufacturing and affordability.
Tax Collected at Source (TCS) reduced to around 2% on foreign travel and education. Overseas travel and studying abroad become more affordable.
EV batteries and related components get duty relief. Expected to reduce long-term EV costs and promote clean energy
Leather goods, textiles, and sports equipment may become cheaper. Personal imports and some daily-use items also see price relief.
Imported luxury watches, cameras, and high-end products become expensive. Higher customs duties to promote local manufacturing.
Cigarettes, tobacco, and alcohol prices rise due to higher taxes. Aimed at discouraging consumption.
Futures and Options trading becomes costlier due to increased Securities Transaction Tax. Designed to curb speculative trading.
Some cars become expensive due to rising input costs. Commercial LPG prices have increased from April 1.
Fertilisers and some agricultural inputs may become costlier. Could impact farming and food prices slightly.
Essentials like medicines, electronics, and education become more affordable. The overall focus is on boosting domestic manufacturing and reducing import dependency.
The information provided in this article is based on publicly available reports, budget announcements, and general updates related to the financial year 2026. Prices and changes may vary depending on market conditions, location, and government revisions. Readers are advised to verify details from official sources or consult financial experts before making any financial decisions. This content is for informational purposes only.
I am a content writer with 2.5 years of experience, currently working at ITV Digital. I specialize in entertainment journalism, covering the latest in Bollywood along with engaging healthy lifestyle stories. With a flair for storytelling and a keen eye for trends, I bring fresh, reader-friendly perspectives to every piece I write.
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