As Budget 2026 nears, taxpayers anticipate a Rs 1 lakh increase in basic exemption limits under the new regime alongside slab revisions to ease middle-class burdens, with MSME owners pushing for presumptive taxation enhancements to simplify compliance and boost disposable incomes for reinvestment. Live updates signal focus on salaried relief, deductions for startups, and rationalized corporate taxes to stimulate consumption and entrepreneurship nationwide.
Income Tax Budget Expectations Heat Up: Rs 1 Lakh Hike in Exemptions Sought
