The Union Budget 2026-27 has been presented in Parliament today, i.e. on 1st February 2026, by the Union Finance Minister, Smt. Nirmala Sitharaman. The accompanying Finance Bill, 2026 laid out the Government’s proposals on:
- Direct taxes (Income Tax)
- Indirect taxes (GST and Customs)
- Fiscal policy and revenue measures
- Amendments applicable primarily to FY 2026-27 and AY 2027-28
The budget aimed to balance economic growth, fiscal consolidation, and taxpayer-friendly reforms while strengthening compliance and ease of doing business.
Budget 2026-27: Key Documents
The Government of India has made all official Budget 2026-27 documents available on the India Budget Portal. For ease of reference, important documents include:
- Key Features of Finance Bill, 2026 / Union Budget 2026-27 (English)
- Budget Speech and Tax Proposals by FM Smt. Nirmala Sitharaman (English)
- Finance Bill, 2026: Proposals on Direct and Indirect Taxes (English)
- Memorandum Explaining the Provisions of Finance Bill, 2026 (English)
These documents provide detailed insights into legislative intent, policy rationale, and implementation aspects of the proposed amendments.
Enactment of the Finance Bill, 2026
Once the Finance Bill, 2026 is approved by both Houses of Parliament, i.e. the Lok Sabha and the Rajya Sabha, and receives the assent of the Hon’ble President of India, it will be notified as the Finance Act, 2026, in due course later.