Published: Feb 01, 2026, 13:51 IST | Updated: Feb 01, 2026, 13:51 IST
Union Budget 2026 announces a major relief for taxpayers and businesses by reducing the TDS (Tax Deducted at Source) rate from 5% to 2%, with no stipulation on the amount. This move is expected to ease compliance, boost liquidity, and encourage transactions across sectors.