Union Budget 2026 Live: What will the middle class get today? Income Tax & Slabs Updates
Union Budget 2026 Live: What will the middle class get today? Income Tax & Slabs Updates Today is February 1, 2026, and Finance Minister Nirmala Sitharaman is about to present the budget in Parliament. This is a very important budget for the Modi government's current term. The entire country's attention is focused on just two things—inflation and income tax. Will your wallet be lighter or heavier today? Let's find out the 5 big things to expect from today's budget. 1. Income Tax Relief & Tax Slab Changes 📄 The biggest expectation of the middle class is tax relief. New Tax Regime: Currently, there is no tax on income up to ₹7 lakh. It is expected that this limit may be increased to ₹8 lakh or ₹9 lakh. Standard Deduction: For salaried individuals, this may be increased from ₹50,000 to ₹75,000 or ₹1 lakh. [IMAGE HERE 1 Income Tax Slab Chart or Money Image] 2. What will become cheaper and what will become more expensive? 📉📈 Like every year, the prices of some thi...
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