Budget 2026: Nirmala Sitharaman May Announce Major Tax Relief for Taxpayers

• FM Nirmala Sitharaman poised to unveil major tax reforms and relief measures for taxpayers in Union Budget 2026.
• Cryptocurrency investors anticipate significant tax relief, potentially easing the 30% flat tax and 1% TDS imposed in Budget 2022.
• The tax-free limit for Long-Term Capital Gains (LTCG) on shares and equity mutual funds could increase from ₹1.25 lakh to ₹2 lakh.
• Basic tax exemption in the new income tax regime may rise from ₹4 lakh to ₹5 lakh, offering relief to lower-income groups.
• Deductions for term and health insurance premiums are expected to be extended to the new income tax regime, currently limited to the old regime.

Why It Matters: Budget 2026 likely to bring substantial tax relief and reforms across various investment avenues for taxpayers.