Budget 2026: Sitharaman to Focus on Railways, AI; Middle Class Eyes Tax Relief
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News18•22-01-2026, 22:23
Budget 2026: Sitharaman to Focus on Railways, AI; Middle Class Eyes Tax Relief
- •Finance Minister Nirmala Sitharaman will present the Union Budget 2026 on February 1, 2026.
- •Middle class expects tax relief, with minor income tax reforms anticipated despite the new Income Tax Act from April 2026.
- •Expected reforms include increasing standard deduction, expanding Section 80D, raising home loan interest deduction, and simplifying TDS rules.
- •Increased funds for PM Kisan Yojana and Lakhpati Didi schemes are also expected.
- •Key sectors like health, real estate, MSME, employment, infrastructure, defense, railways, and AI are likely to receive significant focus.
Why It Matters: Budget 2026 aims for middle-class relief and strategic investment in key sectors like Railways and AI.
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