What is the Union Budget — and why should you care? | Budget 2026 | Taxpayers | Middle class
Video Overview & Insights
What is the Union Budget and why does it matter to you?
Why nobody talk about Marginal Relief? It is a regressive tax. If someone has a taxable income of 12,70,000, tax is 70,000, 100% of your income above 12L and including cess your bank account is reduced by 2,800; but if you are earning between 20L-24L, you pay 25% of your income above 12L as tax.
In this short explainer, we break down how the Budget works and how it impacts taxes, spending, growth, and everyday life minus the jargon. This is Episode 1 of Budget Basics. More simple explainers on key Budget terms and numbers are coming soon.
#unionbudget #budget2026 #financialnews #nirmalasitharaman #whatisunionbudget
Chor tai and modi rip. 2026
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