Budget 2026: Taxpayers Demand More Home Loan Benefits, Insurance Deductions

• Taxpayers expect increased home loan benefits: Section 24B limit from ₹2 lakh to ₹3 lakh, Section 80C limit to rise.
• Demand for term life and health insurance deductions in the new income tax regime.
• Salaried individuals seek standard deduction increase in old regime from ₹50 lakh to ₹75 lakh.
• Basic tax exemption limit in new regime may rise from ₹3 lakh to ₹5 lakh.
• Finance Minister Nirmala Sitharaman is expected to present Union Budget 2026 on February 1.

Why It Matters: Taxpayers anticipate significant relief in Union Budget 2026, focusing on home loans, insurance, and deductions.