Budget 2026: Tax Relief Hopes High Amid Global Economic Pressure

• Union Finance Minister Nirmala Sitharaman will present the Union Budget 2026 on February 1, 2026, at 11:00 am in the Parliament.
• The budget comes amidst global economic pressures, tariff wars, and India's trade deal negotiations with the USA.
• Taxpayers, especially salaried individuals, anticipate income tax relief, simplified compliances, and rationalization of TDS/TCS norms.
• Market participants expect higher capital expenditure, support for manufacturing and MSMEs, and policy clarity for green energy and digital infrastructure.
• Under the new tax regime, individuals earning up to Rs 12 lakh are effectively exempt from income tax on 'normal income'.

Why It Matters: Budget 2026 is highly anticipated for potential income tax relief and economic stimulus amidst global challenges.