Budget 2026: New Rules Not Implemented Immediately on Feb 1

• Union Budget 2026 will be presented on February 1 by Finance Minister Nirmala Sitharaman, outlining income-expenditure, tax changes, and government priorities.
• Most budget announcements, including income tax changes, typically come into effect from April 1, marking the start of the new financial year.
• Some specific changes, like excise or customs duties, may be implemented immediately on Budget Day or the following day if explicitly stated by the government.
• After presentation, the budget is discussed in Parliament, and the Finance Bill, containing tax proposals, must be passed and receive presidential assent to become law.
• Expenditure and scheme implementations vary; many begin April 1, while others may have staggered notification dates.

Why It Matters: Budget rules are generally not implemented immediately on presentation; most take effect from April 1.