BUDGET
Budget 2026: No Change in Income Tax Slabs; Standard Deduction Hiked to ₹75,000
The Indian Express
AI Summary
Finance Minister maintained the existing income tax slab structure in Budget 2026 but raised the standard deduction from ₹50,000 to ₹75,000, providing tax relief of up to ₹7,500 annually for salaried employees. The hike in deduction is expected to boost disposable income and consumer spending. Experts recommend focusing on tax-saving investments before the financial year ends. Source: The Indian Express.
Generated by Straico · Source: The Indian Express