Income Tax 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.

Union Budget 2026 Income Tax Slabs Highlights: IT act to come into effect from April 1

Joy Pillai February 1, 2026 6:55 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.

Nirmala Sitharaman Profile: Did you know Nirmala is a JNU pass out? Know her education, political journey and family tree here

Kumar Utkarsh January 31, 2026 2:17 PM IST

Nirmala Sitharaman is the woman in charge of India's money. She is the current Finance Minister of India. She is well known for helping the country handle its money well, even when global times are hard and things become more expensive. She creates the national budgets that affect businesses, markets, and the daily lives of regular people.

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