Budget 2026: Fiscal Deficit at ₹8.55 Lakh Crore; Tax Relief Expected
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News18•30-01-2026, 23:17
Budget 2026: Fiscal Deficit at ₹8.55 Lakh Crore; Tax Relief Expected
- •Finance Minister Nirmala Sitharaman to present Union Budget 2026 in two days.
- •India's fiscal deficit recorded at ₹8.55 lakh crore, as per government data.
- •Middle class and salaried taxpayers anticipate income tax relief, including slab adjustments and increased standard deduction.
- •Demands include simplifying tax compliance, additional relief for senior citizens, and higher 80C limits to encourage investment.
- •Experts believe tax relief will boost consumption, benefiting the economy and stock market.
Why It Matters: Budget 2026 approaches with high expectations for income tax relief amid a ₹8.55 lakh crore fiscal deficit.
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