Budget 2026: Will FM Nirmala Sitharaman Announce More Income Tax Changes?

Taxpayer Expectations  
The middle class is hoping for further relief, particularly in the form of revised slab limits to ease the burden of rising inflation. Last year’s Budget made income up to Rs 12.75 lakh tax-free under the new regime, raising hopes that additional rationalization may follow.  

Focus On Regimes And Deductions  
A key question is whether the old tax regime will continue or be phased out. Taxpayers also seek clarity on rebates, deductions, and capital gains treatment. Simplified filing processes and relief for senior citizens are among the most anticipated measures.  

Economic Context  
With inflationary pressures and household budgets stretched, experts believe the government may prioritize measures that support consumption while balancing fiscal responsibility. Any changes will be closely watched for their impact on disposable income and savings.  

Key Highlights  

• Budget 2026 to be presented on February 1  
• Taxpayers expect higher slab limits and relief  
• Last year’s Budget made income up to Rs 12.75 lakh tax-free  
• Debate continues over old versus new tax regime  
• Senior citizens and salaried class await targeted benefits  

Conclusion  
Budget 2026 carries high expectations for income tax reforms. Whether FM Nirmala Sitharaman delivers another surprise will determine how India’s middle class and salaried taxpayers view the government’s commitment to easing financial pressures.  

Sources: Mint, Financial Express, Times Now