Budget 2026: Sitharaman offers tax breaks for data center setup
Business
India's latest budget just made it a lot more tempting for global tech giants to set up data centers here.
Finance Minister Nirmala Sitharaman announced a 'tax holiday'—basically, big tax breaks—until 2047, plus a 15% safe harbor on costs for cloud service providers.
It's all about supercharging India's IT infrastructure and making the country a bigger player in the digital world.
Unified framework for IT services
There's also a new unified framework for IT services with a slightly higher (15.5%) safe harbor margin, and now companies with revenue up to ₹2,000 crore can qualify (up from ₹300 crore).
Approvals will be through an automatic rule-driven model.