As per budget document, business activities conducted through e-commerce platforms will now fall under the tax net. The bill imposes 18 per cent tax on all the e-commerce activities.

This higher rate will apply to passive income—earnings not generated through active work. However, income from National Savings Schemes will remain exempt from this new tax, as clarified in the official budget paper. E-commerce businesses will also be required to file monthly reports detailing transactions and taxes.

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Additionally, the budget proposes a 25% tax on income earned from loans. Meanwhile, the capital gains tax on shares will remain unchanged.

A standardized sales tax rate of 18% will now apply to small vehicles up to 850cc, including models that were previously subject to lower tax rates.