Budget 2026: Middle Class Eyes Income Tax Relief, Key Economic Boosts Expected
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News18•31-01-2026, 19:37
Budget 2026: Middle Class Eyes Income Tax Relief, Key Economic Boosts Expected
- •Finance Minister Nirmala Sitharaman will present Budget 2026 on February 1, with high expectations from all sectors.
- •Anticipated government spending increases in healthcare, promotion of indigenous defense production, and acceleration of infrastructure projects.
- •The real estate sector hopes for lower interest rates, tax relief, and affordable housing initiatives to boost demand and employment.
- •Middle class expects significant income tax relief, including changes in tax slabs, increased standard deduction, and a more attractive new tax regime.
- •Experts suggest tax relief combined with consumption-boosting measures will strengthen the economy and foster growth.
Why It Matters: Budget 2026 is highly anticipated for potential income tax relief for the middle class and economic growth initiatives.
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