Budget 2026: Nirmala Sitharaman May Announce 10 Major Taxpayer Changes

• Finance Minister Nirmala Sitharaman is expected to announce significant changes for taxpayers in the upcoming Union Budget 2026.
• Potential changes include adjustments to old regime tax slabs, reduction in TDS rates, and increased home loan deductions up to Rs 4 lakh.
• The budget might introduce joint taxation for spouses, increase the tax-free limit for LTCG on equity to Rs 1.5 lakh, and allow insurance deductions in the new regime.
• Other anticipated announcements are a revised definition of affordable housing (up to Rs 75 lakh) and lower interest rates for EV loans.
• An increase in the standard deduction for the old tax regime is also expected, aligning with rising inflation.

Why It Matters: Union Budget 2026 could bring significant tax relief and incentives for taxpayers across various sectors.