Standard deduction, slabs, capital gains — A look at key expectations

Income tax 2026 LIVE: Finance Minister Nirmala Sitharaman will present the Union Budget 2026–27 today, with income tax proposals in sharp focus. Taxpayers await possible relief through revised slabs, higher deductions, and changes in exemptions. Follow this live blog for real-time updates, key announcements, and expert reactions.Income tax 2026 LIVE: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026–27 on Februray 1 (Sunday), with income tax changes expected to be among the most closely watched announcements. As the government balances growth priorities with fiscal discipline, taxpayers, salaried professionals, businesses, and investors will be keenly tracking what the Budget holds for personal taxation, rebates, deductions, and tax slabs.Ahead of the speech, expectations are high that the government may provide relief to the middle class through revised tax slabs, higher standard deduction, or expanded benefits under the new tax regime.Markets, households, and corporates will be looking for clarity on whether the government prioritises lower tax burden or increased public spending on infrastructure, manufacturing, and social welfare.Catch LIVE updates on Budget 2026 income tax here:

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