Budget 2026: Big Relief for Senior Citizens, Cancer & Rare Disease Meds Now Duty-Free

• Budget 2026 prioritizes family financial security and comprehensive national development, aiming to ease tax burdens on middle-class families and protect savings.
• Customs duty exempted on 17 types of cancer medicines and 7 types of rare disease medicines/food items for personal import, significantly reducing medical costs.
• Tax system reforms include simplified customs procedures for travelers, revised duty-free allowances, and a uniform customs duty policy on personal imports/gifts.
• TCS rates adjusted for foreign tour packages (2%) and LRS for education/medical purposes, easing cash flow for students and medical travelers.
• New facilities like single-window Form 15G/15H filing, automated lower deduction certificates, and extended ITR revision deadlines benefit taxpayers, especially senior citizens.

Why It Matters: Budget 2026 offers significant relief to senior citizens and patients by making critical medicines duty-free.