Will middle-class taxes be cut? Learn what investors and taxpayers expect from Budget 2026.

News Topical, Digital Desk : Union Finance Minister Nirmala Sitharaman will present the Union Budget on Sunday, February 1, 2026, at 11 am. Millions of investors and taxpayers across the country are closely watching this budget, as the relief it offers will directly impact their pockets. This will be Nirmala Sitharaman's ninth consecutive full-time budget, and she will present it on a Sunday for the first time.

All sections of the society, from middle class to salaried class, from farmers to women, have high expectations from the Union Budget.

What are the expectations from the budget?

Property and Home Loans

While property prices are rising and people's debt burdens are increasing, home buyers are demanding tax relief. Their primary demand is to increase the tax exemption on home loans. Currently, the interest deduction limit under Section 24(b) of the Income Tax Act is ₹2 lakh, which was set several years ago and is considered inadequate in the current circumstances.

Additionally, Pranav Kumar, Founder and CEO of Plus Cash, says that Budget 2026-27 is likely to focus on promoting tax savings and long-term investments. This includes increasing the standard deduction, simplifying tax slabs, and providing additional relief related to housing loans and insurance.

Health

According to a report by Bajaj Broking, the scope of healthcare services in the country is constantly expanding and this could be further expanded in Budget 2026. Under this, the scope of health insurance plans could be expanded to cover more people and cover long-term treatment.

However, the report also warns that while on the one hand this will give a positive boost to the health sector, on the other hand, if services are provided at government rates, the profits of private hospitals may come under pressure.

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