8th Pay Commission News

Union Budget 2026 Income Tax Slabs Highlights: Will income tax be further reduced this year?

Joy Pillai February 1, 2026 11:43 AM IST

Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in the Lok Sabha on Sunday, February 1. The middle class and salaried people are expecting more income tax cuts in Budget 2026. In Union Budget 2025, FM Sitharaman provided major relief to taxpayers by cutting income up to Rs 12 lakh from tax. The limit for salaried people was increased to Rs 12.75 lakh after a standard deduction of Rs 75,000.

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