Budget 2026: 5 Measures to Boost New Tax Regime's Appeal for Taxpayers

• The government aims to make the new income tax regime more attractive, with increasing taxpayer interest since its 2020 introduction.
• Experts suggest five key measures for the upcoming Budget 2026 to further enhance the new regime's appeal.
• Proposals include increasing the standard deduction from ₹75,000 to ₹1,50,000, benefiting salaried individuals.
• Allowing deductions for health insurance and term life insurance premiums in the new regime is also recommended, addressing rising medical costs and family security.
• Other suggestions are extending home loan interest deduction benefits to new regime taxpayers and raising the income limit for surcharge from ₹50 lakh to ₹75 lakh.

Why It Matters: Budget 2026 could significantly boost the new tax regime's appeal with key deductions and surcharge limit changes.