Last year, FM Sitharaman announced that annual income up to Rs 12 lakh would be made tax-free under the new tax regime. Union Budget 2026-27: Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Budget on February 1 (Sunday). Following the significant relief for the middle class announced in Budget 2025-26, taxpayers are now hoping for further income tax relief, simpler compliance, and targeted benefits across various segments. Will there be more income tax relief in Budget 2026? Budget Session 2026The Budget Session will commence on January 28 and continue till April 2, with one break.

Source: dna January 22, 2026 10:50 UTC