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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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Has Budget 2026 done anything to move taxpayers to new income tax regime?

Middle-class taxpayers hoping for tax relief in Budget 2026 were left wanting, as no new concessions were announced. Existing benefits under the new tax regime, including a Rs 75,000 standard deduction and employer NPS contributions, remain. Key expectations like increased standard deduction and higher home loan interest deductions were unmet, leaving many disappointed.

1 Feb 2026 11:13 am