Budget 2026: What Common People Can Expect? Major Reliefs on Tax, Housing, Jobs!

• Middle class anticipates significant income tax relief, including a potential increase in the 30% tax slab limit from 24 lakh to 40-50 lakh rupees.
• Standard deduction in the new tax regime may rise to 1 lakh, and Section 80D health insurance premium limit could increase to 50,000 rupees.
• Housing sector expects renewed focus with potential reinstatement of home loan interest deduction in the new tax regime and increased limits up to 3-5 lakh.
• New schemes for subsidies or interest deductions on term loans up to 2 crore for middle and low-income groups are anticipated to boost housing.
• Government plans to prioritize employment and skill development, aiming to create 20-25 lakh new jobs through schemes in labor-intensive sectors.

Why It Matters: Budget 2026 eyes major relief for common people through tax cuts, housing support, and job creation.