Union Budget 2026, Feb. 1 -- From changes in the Income Tax Act 2025 in connection with interest awarded by the Motor Accidents Claims Tribunals (MACT) to extension in deadline for revised ITR filings, multiple reforms were proposed by Finance Minister Nirmala Sitharaman in the Union Budget 2026.

The finance minister presented the budget on Sunday, 1 February, in Parliament. However, there have been no changes with respect to Income Tax slabs.

The rate of Securities Transaction Tax (STT) on the sale of an option in securities where the option is exercised has been increased from 0.125% to 0.15%, and the tax shall be computed on the intrinsic price of the option.

Meanwhile, the rate of STT on the sale of a future in securities has been ...