No income tax changes, capex up, NRIs gain… The big takeaways from Union Budget 2026

Finance Minister Nirmala Sitharaman presented the 2026 Union Budget, focusing on youth-driven growth, inclusive development, and economic resilience. Key measures include a Rs 10,000 crore SME Growth Fund, seven new high-speed rail corridors, rare earth corridors, and major boosts for textiles, tourism, and NRIs. Simplified income tax rules and forms will be introduced, with extended deadlines for revised returns, but no changes in tax rates for individuals.