Budget 2026: Taxpayers Demand Inflation Relief, Simpler Laws & Equality

• Taxpayers seek a smooth transition to the Income Tax Act, 2025, and simplified tax administration.
• Demands include inflation-proof tax slabs to combat 'bracket creep' and increase disposable income for the middle class.
• Experts call for restoring key deductions (80C, 80D, housing incentives) to encourage savings and home ownership.
• Calls for equalizing individual and corporate tax rates to foster wealth creation and employment.
• Simplification of rules, exemptions, and clearances for charitable trusts to encourage philanthropy.

Why It Matters: Budget 2026 faces pressure to simplify tax laws, provide inflation relief, and ensure equality for taxpayers.