Income Tax slabs for FY26: Key changes experts want in old, new tax regimes in Budget 2026

Fri, Jan 23, 2026 | 05:30 PM IST

Expectations from Budget 2026

1	Income Tax slabs for FY26: Key changes experts want in old, new tax regimes in Budget 2026 Budget 2026: As the Union Budget 2026 nears, taxpayers anticipate changes to income tax slabs, deductions, and rebates. Experts are calling for a higher standard deduction, revised home loan benefits, and an increased Section 80C limit. They also seek tax rationalization for fixed income and clearer frameworks for NRIs.

2	Zero tax up to Rs 12 lakh, but not on capital gains? Why Budget 2026 must fix this anomaly

3	LTCG tax hurting small investors? Why Budget 2026 should rethink capital gains relief

4	Early ITR filing date, late foreign tax info: How FTC rule and global timeline mismatch hurts ROR taxpayers - what Budget 2026 must fix

5	NRI property sellers lose lakhs to TDS delays; why Budget 2026 must step in to simplify the tax rules Complex tax regulations for Non-Resident Indian (NRI) property sellers are causing significant fund blockage, with 12.5% to 31.2% of sale proceeds stuck. Budget 2026 should simplify Tax Deducted at Source (TDS) compliance for home buyers to ease this burden and allow sellers better financial flexibility.

6	Income tax for new India: Freelancers, gig workers and more; nature of earnings has changed, and Budget 2026 must address them


7	Surcharges that began as temporary measure have become a heavy fixture in income tax; Why do they need redesigning in Budget 2026

8	Employees with foreign income get less gross take home salary due to higher TDS as employers can’t apply FTC; Why Budget 2026 must fix this

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