Budget 2026: Middle Class Eyes Tax Slabs

The Indian government is about to announce the Budget for 2026, and many people are watching closely to see if the income tax rules will change.

Right now, there are two ways to calculate taxes: the old way and the new way.

The new way doesn't charge tax on income up to Rs 4 lakh, and up to Rs 12 lakh can be tax-free under certain conditions.

The old way has different steps where taxes start at Rs 5 lakh and go up.

People are wondering if the government will make the new way even better by increasing the tax-free amount, or if they will keep it the same.

This is important because it affects how much money people take home every month.