Budget 2026 Live Update Log

• 11:00 AM IST: Union Budget 2026 presented in Lok Sabha
• 11:25 AM IST: Income tax changes announced under the new tax regime
• 11:45 AM IST: Standard deduction increased for salaried taxpayers

Budget 2026 Highlights

• Revised income tax slabs under the new tax regime
• Higher standard deduction for salaried individuals
• Continued rebate under Section 87A for eligible taxpayers
• Focus on fiscal discipline and capital expenditure

Income Tax Changes in Budget 2026

Budget 2026 introduced adjustments to income tax slabs under the new tax regime to simplify compliance and improve take-home income. The standard deduction for salaried taxpayers was increased to ₹75,000, reducing taxable income without requiring investment-based deductions.

Deductions such as Section 80C, House Rent Allowance (HRA), and home loan interest under Section 24(b) remain unavailable under the new regime. Taxpayers should compare both regimes before opting in.

Budget 2026 Date and Time

The Union Budget 2026 was presented on February 1, 2026, at 11:00 AM IST in the Lok Sabha.

Budget 2026 Summary

Budget 2026 focused on predictable taxation, simplified structures under the new tax regime, and targeted relief for salaried and middle-income groups. This page will continue to reflect official updates and clarifications as they are released.