Sitharaman's Budget: 5 Key Decisions That Could Transform Middle Class Fortunes
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News18•01-02-2026, 10:10
Sitharaman's Budget: 5 Key Decisions That Could Transform Middle Class Fortunes
- •Expectations are high for Finance Minister Nirmala Sitharaman's budget speech, with the middle class anticipating significant relief.
- •Experts suggest increasing home loan tax exemptions: Section 24(B) interest exemption from INR 2 lakh to INR 5 lakh, and Section 80C principal repayment from INR 2 lakh to INR 2.5 lakh.
- •Demands to increase Atal Pension Yojana's post-retirement pension amount due to inflation, as current benefits range from INR 1,000 to INR 5,000.
- •Salaried individuals hope for an increased standard deduction, potentially from INR 75,000 to INR 1 lakh or more, offering substantial tax relief.
- •Speculation that the new tax regime might include exemptions for home loans and health insurance premiums, potentially boosting insurance adoption and middle-class security.
Why It Matters: Sitharaman's budget could bring major relief to the middle class through tax exemptions and scheme revisions.
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