Budget 2026 Explained: What Gets Cheaper and What Costs More | Vantage with Palki Sharma | N18L

India’s Union Budget 2026 announced a mix of tax cuts and tax increases affecting households, travellers, patients and investors. Import duties on 17 cancer drugs and medicines for rare diseases were scrapped to lower treatment costs. Taxes were reduced on overseas education and medical remittances under the Liberalised Remittance Scheme, while overseas tour packages also became cheaper. Customs duties were cut on microwave ovens, personal electronics and aircraft parts. Lithium-ion cells retained zero duty. At the same time, taxes rose on coffee machines, some fertiliser inputs, luxury goods, futures and options trading, and income tax penalties for misreporting and undisclosed assets.

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