By Admin 
Budget 2026 Expectations: There is only some time left for the presentation of the Union Budget. Today on January 29, the Economic Survey 2026 has been presented by the government. In such a situation, the expectations of different sections of the people of the country have also increased. Especially the middle class and employed people have expectations from the central government every year.
Last year, Finance Minister Nirmala Sitharaman, giving relief to employed people, had announced that income up to Rs 12.75 lakh will be tax-free in the new tax system. Let us know, what are the expectations of different people from this time’s budget…..
Expectations of senior citizens
Senior citizens of the country have special expectations from the budget coming on 1st February. They want the tax-free income limit to be increased. So that there is less burden on their limited income.
Besides, there is also a demand for more tax exemption on health insurance and relief on interest earned from fixed deposits and small savings. Apart from this, they are looking forward to the government taking note of the need to simplify the process of filing income tax returns for people receiving pension and interest income.
Salaried people hope for tax relief
Employed people are expecting tax relief from the upcoming budget. The middle class wants that the basic tax exemption limit should be increased, so that the direct burden on their income can be reduced. Besides, there is also a demand to increase the standard deduction from the current Rs 75 thousand to Rs 1 lakh or more.
So that we can get some relief in everyday expenses. At the same time, taxpayers adopting the new tax system expect that the 30 percent tax slab should be applied on income up to Rs 30 lakh, so that despite the increase in salary, the tax impact is not much.
hope of married couples
Before the budget, once again the demand for joint taxation for married couples has come into discussion. This has been demanded for a long time. This is expected to reduce the tax pressure on married families, especially single income and middle class groups. Experts believe that this can provide relief to many families. However, it will not be easy to implement.
Expectation of relief in LTCG tax
Investors investing money in stock market and mutual funds have been demanding exemption in Long Term Capital Gain (LTCG) tax for a long time. He believes that if there is tax relief in the budget this year, then the actual returns after tax will be better. Besides, this will also make it easier for people to decide to invest for the long term.
Demand to clarify the situation on the old tax system
Even now many taxpayers are waiting for the government’s decision regarding the old system. People hope that the government will give clear information about its future in this year’s budget. So that they will be able to do their tax planning properly.
People believe that if the old system is suddenly abolished then schemes related to insurance, home loan and retirement may suffer losses. Therefore, it is being said that changes should be made gradually.
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