Budget 2026: Tax-Free Income Limit May Rise, Major Income Tax Changes Expected
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Moneycontrol•31-01-2026, 22:27
Budget 2026: Tax-Free Income Limit May Rise, Major Income Tax Changes Expected
- •Finance Minister Nirmala Sitharaman to present 9th Union Budget on February 1, 2026.
- •Government may increase tax-free income limit in new tax regime beyond current Rs 12 lakh.
- •Potential relief for home loan borrowers with up to Rs 2 lakh interest exemption in new tax regime.
- •Deduction of up to Rs 50,000 on health insurance premiums considered for new tax regime.
- •Standard deduction in new tax regime could increase from Rs 75,000 to Rs 1 lakh.
Why It Matters: Budget 2026 likely to bring significant income tax changes, benefiting middle class and salaried individuals.
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