Budget 2025-26 had ringed in a major relief for income-tax payers as the slab rates were changed under the new tax regime.
Income Tax Budget 2026 LIVE Updates: Union Finance Minister Nirmala Sitharaman has entered the history books after presenting the ninth consecutive Budget. While Sitharaman didn’t directly tinker with income tax slabs, she has given relief to taxpayers in the form of TCS cuts on foreign travel and money sent abroad for education. At the same time, Futures & Options trading has become more expensive.
Budget 2026 FM Nirmala Sitharaman speech LIVE: Follow here
What happened in last Budget: Budget 2025-26 had ringed in a major relief for income-tax payers as the slab rates were changed under the new tax regime. Taking into account standard deduction, it meant salaried individuals didn’t need to pay anything if they earned an annual taxable income of up to Rs 12.75 lakh.
Budget 2026 Highlights LIVE: Follow here
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Budget 2026 wish list: In the last year’s Budget, the government has rationalised the Goods and Services Tax (GST) rates and cut income tax, thereby reducing the tax burden on both the indirect and direct fronts. People and industry bodies are expecting an increase in the standard deduction and a parity between the long-term capital gains tax levied on equity and debt market earnings, besides some easing of tax policies.
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