78, The Budget and what messages it gives to a HR Professional

#HRhelpdesk #IndiaHRGuide #MandeepSingh, with 25 years of HR expertise, Mandeep explains what the new national budget means for HR practitioners in India. He outlines five key areas that directly impact HR decisions, starting with major changes in contract labour taxation, where TDS on vendor payments will now drop to just 1–2%, simplifying business operations. He highlights the government’s strong push toward using AI for job‑matching, training‑need identification, and resume screening, urging HR teams to prepare for this industry wide shift. Mandeep emphasizes the renewed focus on providing real employment opportunities to people with special abilities, moving beyond policy to actual implementation. He also discusses upcoming tax benefits for medical reimbursements and insurance reimbursements effective April 2026, particularly helpful for MSMEs. Finally, he explains the budget’s intent to attract foreign talent and how this creates a dual responsibility for HR, evolving policies to welcome global talent while strengthening internal capability development within the country.