Union Budget 2026 Expectations live updates: Like every Union Budget, taxpayers are heading into Budget 2026–27 with a long wishlist — and tax relief sits firmly at the top. As Finance Minister Nirmala
Sitharaman gears up to present the Union Budget on February 1, expectations are running high among salaried employees, middle-class families, senior citizens and investors. This will be her ninth consecutive Budget and the third full Budget of the Modi 3.0 government.
A key talking point this year is the new income tax regime. After the introduction of nil tax on income up to Rs 12.75 lakh and multiple slab revisions in recent years, salaried taxpayers are now wondering how much more relief is possible. Many experts believe the government may further tilt the system in favour of the new regime, potentially making the old regime less relevant — even as millions continue to rely on deductions such as Section 80C, Section 80D and home loan interest benefits.
