Union Budget 2026: Limited Tax Relief Expected, Focus on Simplification and Administration

• Experts anticipate limited direct tax benefits in Union Budget 2026, focusing on simplification and administration.
• The old tax regime is unlikely to be abolished immediately, as 28% of taxpayers still prefer it for exemptions like HRA and 80C.
• No major changes to income tax slabs or broad exemptions are expected, but targeted incentives for housing or public markets may be introduced.
• The new tax regime will likely see further refinement, with minor adjustments rather than transformative changes.
• The budget's primary focus will be on improving tax administration, simplifying compliance (e.g., TDS rationalization), and dispute resolution, rather than new legislation.

Why It Matters: Union Budget 2026 will prioritize tax administration and simplification over new exemptions or major tax cuts.