Analysis · Financial Services

Stable Money highlights startup tax demands in budget coverage

By Startup Enthusiast · 1 February 2026

What they do

Stable Money is a fintech platform that helps users compare fixed deposits from banks and NBFCs

The company published an analysis of the Union Budget 2026-27 focusing on startup ecosystem concerns

The article details investor demands for ESOP tax relief and clearer angel tax disposal mechanisms

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27 to the parliament.
This marks her ninth consecutive Budget presentation as the finance minister of India.
The Indian startup ecosystem is currently recognized as the world's third-largest by valuation.
The past year has seen tighter capital availability and sharper scrutiny on unit economics for new-age tech ventures.
Investors are demanding ESOP taxation relief because gains are currently taxed twice at exercise and sale.
There are calls for regulations restricting ESOP grants to founders after listing to be changed.
Angel tax was abolished in July 2024 but legacy notices and demands remain unresolved for many startups.
TravelKhana founder Pushpinder Singh's case has had no hearings since 2019 due to these pending issues.

The article uses Stable Money's platform to highlight broader policy needs for the startup community.
Investors want a clear mechanism and timeline for disposing of pending angel tax cases.
Policy support for blended capital like venture debt is sought to scale without excessive dilution.
Strengthening the domestic funding pipeline requires enabling participation from banks and pension funds in private markets.

Stable Money offers high-yield fixed deposits with returns of up to 8.50%.
The platform allows users to compare FDs from 11 banks and 3 NBFCs.
It serves over 60 lakh users across more than 3,500 cities in India.
Total FD investments on the platform amount to approximately ₹94.37 lakh crore as shown on the website.
A new FD is booked every 60 seconds on the platform.
Bank FDs are insured by DICGC, a wholly-owned subsidiary of RBI, up to ₹5,00,000.

The article suggests the Budget should establish clear timelines for resolving pending tax disputes.
Investors seek frameworks for cash flow-aligned lending and sector-specific credit for growth-stage ventures.

Product: A platform that lets users invest in fixed deposits, bonds, and other low-risk products.
Customers: Retail investors in India.
How it makes money: It earns commission or distribution income from fixed-income and mutual fund products.
What sets it apart: Focuses on fixed-return and other low-risk savings products.
Operations: Operates as a digital distribution and investment platform.