As Finance Minister Nirmala Sitharaman prepares to present her ninth Union Budget, expectations center on possible tax relief for the middle class. Stakeholders anticipate adjustments to tax slabs, higher deduction limits, and simplified compliance. Alongside, MSME support, infrastructure spending, and investor accreditation reforms are likely to shape the fiscal roadmap.
The countdown to Union Budget 2026 has begun, with taxpayers and businesses keenly awaiting announcements that could reshape India’s financial landscape. Following last year’s relief measures higher exemption limits and streamlined tax regimes expectations are cautiously optimistic for further easing of household tax burdens.
Industry voices also highlight the need for MSME credit support, infrastructure investment, and rationalized duties, aligning with the government’s broader push for consumption growth. Meanwhile, SEBI’s recent simplification of investor accreditation requirements signals a regulatory environment geared toward inclusivity and efficiency.
Key Highlights:
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Tax Relief Expectations: Possible revision of tax slabs and higher deduction limits to ease household pressure.
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Compliance Simplification: Calls for streamlined TDS/TCS systems to reduce administrative burden.
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MSME Focus: Credit support and lower cost of capital to boost small business growth.
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Infrastructure Push: Increased spending on railways, defence, and green energy reforms.
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Investor Accreditation: Simplified norms to encourage wider participation in advanced market products.
Budget 2026 is expected to balance fiscal prudence with growth-oriented measures, aiming to support both households and enterprises while sustaining India’s economic momentum.
Sources: India Today, Financial Express, Moneycontrol