Budget 2026: FM Nirmala Sitharaman Signals Tax Relief For Middle Class, Seniors & Salaried Taxpayers

The Union Budget 2026 is expected to focus on selective income tax relief for the middle class, senior citizens, and salaried taxpayers. Key expectations include higher deductions on home loans, possible changes in House Rent Allowance (HRA) rules, and relief in the 30 percent income tax slab.

However, experts believe that while some targeted benefits may be announced, major overhauls in the old and new tax regimes are unlikely this year. The government is expected to balance tax relief with fiscal discipline and revenue needs.