Archive · 3 Jan 2026
Budget 2026: Tax Relief and Expectations
Finance Minister Nirmala Sitharaman is going to present the Union Budget for the year 2026-27 on February 1, 2026.
This will be her eighth budget and the 80th since India's independence.
Last year's budget made big changes to income tax, making more money tax-free and simplifying rules.
Now, people earning up to Rs 12.75 lakh (if salaried) or Rs 12 lakh (if non-salaried) don't have to pay any income tax.
The new tax slabs also make taxes lower for people earning more.
As the budget for 2026 approaches, people are hoping for more good news, but the government might just keep the current good changes without making big new ones.
Finance Minister Nirmala Sitharaman to present Union Budget 2026-27 on February 1, 2026.
This will be her eighth consecutive budget and the 80th since India's independence.
Budget 2025 increased the tax-free income threshold to Rs 12.75 lakh for salaried and Rs 12 lakh for non-salaried taxpayers.
New tax slabs under the revised regime reduce the marginal tax burden for middle-income earners.
Section 87A rebate now allows zero tax liability for individuals earning up to Rs 12 lakh.
- Who
- Finance Minister Nirmala Sitharaman
- What
- Presentation of Union Budget 2026-27 and tax relief measures
- When
- February 1, 2026 (Sunday)
- Where
- India (Parliament)
- Why
- Annual financial planning, tax reforms, and allocation of resources
- Date
- February 1, 2026 (Sunday)
- Finance Minister
- Nirmala Sitharaman
- Budget Number
- 8th consecutive, 80th since Independence
- Tax-Free Income
- Up to Rs 12.75 lakh for salaried, Rs 12 lakh for non-salaried
- Section 87A Rebate
- Up to Rs 60,000 for income up to Rs 12 lakh
- New Tax Slabs
- Nil up to Rs 4 lakh, 5% up to Rs 8 lakh, 10% up to Rs 12 lakh, etc.
- Impact
- Zero tax liability for most middle-income earners
- Previous Records
- Morarji Desai (10 Budgets), P Chidambaram (9), Pranab Mukherjee (8)
Sources
Budget 2026 Date: FM Nirmala Sitharaman Likely To Present Union Budget 2026-27 On February 1
Will Union Budget 2026 Be Presented on February 1, a Sunday? Cabinet Committee to Decide Soon
Budget 2026 countdown: How last year’s tax relief boosted disposable incomes; should middle class expect more?
What will Union Budget 2026 change for taxpayers? All eyes on big tax reform signals
Higher exemption, lower rates: Is the New Tax Regime phasing out the Old Tax Regime?
