Budget 2026: Experts Demand Higher Deductions, 30% Tax Slab Relief, Capital Gains Simplification

• Tax experts advocate for stability, simplification, and reduced litigation in Budget 2026 to boost investor confidence and household consumption.
• Proposals include increasing standard deduction to Rs 1,00,000, raising the 30% tax slab threshold, and simplifying capital gains rules.
• Vipin Upadhyay highlights the transition to Income Tax Act, 2025, and calls for seamless migration and rationalization against inflation.
• Rajarshi Dasgupta emphasizes relief for individuals, higher basic exemption limits, and increased Section 80C and 80D deductions.
• Experts also seek a Customs Amnesty Scheme to resolve over Rs 1.5 lakh crore stuck in litigation and calibrated duty changes for 'Make in India'.

Why It Matters: Tax experts urge Budget 2026 to focus on stability, simplification, and relief for taxpayers and investors.