Income tax changes, sector allocations, and export-boosting initiatives will be the main focus. On January 31, the Economic Survey will be presented, providing an initial look at the government's priorities. In an effort to make doing business in the nation easier, industry organisations are advocating for GST rationalisation and governmental assistance.
Regarding income tax, analysts predict that the government will concentrate more on administrative tasks and do not anticipate changes to tax slabs, particularly because a new Income Tax Act will take effect on April 1, 2026.
Meanwhile, here are some key dates to note:
- January 31 (Saturday): On the eve of the Budget Day, the government will release the Economic Survey, an annual report that sums up trends and performance in the past year and outlines priorities for the coming year.
- February 1, (Sunday): Finance Minister Nirmala Sitharaman will deliver the Budget speech at 11 am.
- January 28 (Wednesday) - April 2 (Thursday): The budget session of the Parliament will take place in two phases.
