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Moneycontrol22-12-2025, 18:08

Taxpayers Demand Inflation-Proof Slabs, Simpler Laws from FM Sitharaman in Budget 2026

  • Taxpayers seek inflation-proof tax slabs in Union Budget 2026 to counter rising prices and prevent higher tax burdens.
  • Expectations include amendments to the Income Tax Act, 2025, for a smoother transition and simplified tax administration.
  • Demands for easier TDS and capital gains rules, and measures to increase disposable income amidst growing family expenses.
  • Concerns raised over high individual tax rates (up to 42%) compared to companies, hindering wealth creation.
  • Call for simplification of rules for creating trusts for education and healthcare.

Why It Matters: Taxpayers urge FM Sitharaman for inflation-linked tax slabs, simpler laws, and relief in Budget 2026.

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