Budget 2026: What middle-class taxpayers should realistically expect
Video Overview & Insights
In Budget 2025, the government made income up to Rs 12 lakh tax-free under the new tax regime, giving big relief to middle-class taxpayers. Now, as we look ahead to Budget 2026, the big question is what more can the common man realistically expect? Will tax slabs be revised for inflation? Will capital gains taxation further change? And will the old tax regime finally be phased out? Nitin Baijal, Executive Director at Deloitte India, decode these key issues in the video.
Next elections are far away,. & public memory very short
#budget2026 #newtaxes #newtaxslab #nitinbaijal #incometax2026 #incometaxreturn
Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools.
Ready for even 60% tax. Tax and death- the only surety of life. Willing to live upto that high philosophical standard 😂
A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news.
#live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates
whatever expectation you have, mam will give a spin ball at end :)
Subscribe: https://bit.ly/moneycontrolyoutube
Follow us:
Forget any good news now. We already got a good news last year now the government will wake up after 10-12 years when it's already too late.
Visit https://www.moneycontrol.com/
Facebook: /moneycontrol
no 30% tax slab, max it should be 20%.
Twitter: /moneycontrolcom
Instagram: /moneycontrolcom
remove all cess , after 50 lacks , the tax slab is 35% that is too much, 10% cess on all the tax amount that is too much, ltcg should be removed if the indian market has to grow, we need more people to setup businesses that can only be done if the taxes are low, else every rupee after 35% tax will be considered precious and people will not risk the money to setup business.
More User Perspectives
Answer to your title, realistically nothing more andmore corruption.
@nitinsubudhi5158Finance and PM can't do anything for tax payers. No expectation from these incompetent idi...
@ravishekharvishal6145Just make a scheme-- how to kill middle class .
@hi62129Nothing much will change
@shashankk8936I believe if ministery of India can't control medical, education and real estate inflation they donot have any moral right to collect income tax and other Taxes.. Where is the ROI on these Taxes collected by tax mafia whome we have elected to occupy chairs in ministery ? I am waiting for citizens to start mass moments like 'ROI on Income tax'..! But majority of public in country is so stupid that they are busy clapping for this mafia ministry occupying chairs in Govt.
@Intellect_enlightenedGovt should not bring all deductions to New regime as it will be of no diff between old and new. rather govt can offer more on slabs in new regime
@gopinathj4232Old Regime is better when you have home loan
@nagarajuneeriganti810125% slab should be increased till 30 lakhs and 30% should go above 40 lakhs. this will give more in money hand and will help consumption and increase gst collections indirectly
@nagarajuneeriganti8101Middle class will get middle finger
@mrr5358What is the total revenue to govt under the category of sin goods?
@gperiaswami3971Very informative especially for corporate people.
@gauravSingh-ij7iyNothing this 12.0lpa is ok but by the lens of inflation this is not enough. The major what GOI SHOULD DO IN REDUCING DUTIES OVER REAL ESTATE AND THEN THERE IS NEED IF CAPING IN THIS
@ankursharma7812Full confidence in nirmala tai in increasing taxes upto 40%😂😂😂
@jamessmuthoh5572Surcharge should be completely abolished. Its a scam and loot by governmemt
@CAPARTH89Half of these news channel has talks of what can happen in future.
@vivekvivek-nn1xoAs a 30% tax payer I want job loss security, priority in government offices and some sort of acknowledgement.
@name.iz.blurryfaceWe want govt to pass bill as employee anual increment should not be below inflation rate
@kingson23Mediclaim, home loan, 80c should be include in new regime and 30% should be applicable on 45 lakh per annum
@EziariesFor people earning more than 13 L, tax slab should be revised, 0-6 Lacs 0%, 6-12 Lacs 5%, 12-18 10%, 18-24 Lacs 15%, 24-30 20%, 30-40 Lacs 25%, above 40 Lacs 30%. LTCG 10% exempted till 1.5 Lacs yearly. FD 50k interest income should be exempted every year.
@shariquewasi753Old tax regime encourages tax payers to save for future by allowing tax rebate on various investment avenues. Still it is being made to die by making new tax regime more and more alluring.
FM in her last budget speech refused to agree that savings/investments are being discouraged by mentioning rise in number of demat accounts. But at the same time, LTCG tax on sale of shares/ mutual funds units was raised by 25% i.e from 10 to 12.5% .
If a retired citizen is having say Rs.7 lakh annual income by way of interest and pension and say Rs.5.75 lakh by way of LTCG , he pays tax on LTCG of Rs.4.5 lakh @12.5% i.e Rs.56250 plus 4% cess whereas if the entire income of 12.75 lakh is from pension and interest then no tax is payable at all. Thus investment in shares and mutual funds is actually getting disincentivised for middle class investors/tax payers.
A large number of retired citizens with very low or no pension and middle class investors can be given relief by raising the tax free limit on LTCG from 1.25 lakh to at least 5 lakh.
Dicgc insured amount को 20 लाख करो😮😮
@indian-uy3gt12 lakhs tax free is just a scam.
Tax slabs still same for them who are earning more than 12 lakhs.
Only salaried person are paying more tax . Business people neither showing even if they are showing they claim as expenses. Nad jot paying any tax . Being banker i have seen lot business profile where they qill showing very minimum income bit having luxury cars and hoise where a salary people can't even imagine.
Income tax portal should extract pan based repayment also then they will be forced to show actual income
All the speculation before budget is equally frustrating. Nirmala is here to squeeze every penny, what she cuts, she squeezed in other areas.
@zw3s88Better revised the tax slab to 5 - 5.30 will be good
@deepakverma-dc4exI think should be
LTCG:10 pc( for 5yrs)
STCG:20 pc( for below 5 years )
Including house loan interest exemption under the new tax regime is a very positive and much-needed step.
@suryansbhamidipati17861.Remove income tax upto 24 Lakhs
2.Give tax payers to some benefits like reservation in Airlines discount + discount in Railways + discount in Public transportation + discount in Toll taxes + Road taxes + Hospital reservations + Educational reservation to promote rewarding tax system
Nice interview
@nishantb80Honest salaried tax payer is not vote bank. No party will care about them
@maheshs4527Simply aren't to many ppl earning above 30% bracket ?
@fableanimatorI feel... Just standard deduction will increase from 75k to 1.25L....Giving marginal relief.... Dont expect anything else
@JAYDEVOJHA-o7eYes this time slab by 5Lac incremental
10L = 10%
15L : 15%
30L+ : 30 %
Less than 15 lakh of (Income. + CG) should be tax free.
@sdatta123Inflation number is sub 4%, so good luck with that, every Indian that I know of mentions that it is close to 8-10% if you include schools and insurance premiums. 😂
@JyyoWhy nobody talk about Marginal Relief? It is a regressive tax. If someone has a taxable income of 12,70,000, tax is 70,000, 100% of your income above 12L and including cess your bank account is reduced by 2,800; but if you are earning between 20L-24L, you pay 25% of your income above 12L as tax.
@SatyabrataSatpathyNever say upto 12L tax relief.
It's a rebate, at govt's discretion.
Get rid of LTCG
@aum8136Every year inflation is there so all tax slab should be revised
@Indianlover1994Year after year, we are hoping this 30% slab goes away, and now hiking it even further is just insane!! No good health care nor good education, horrible roads and city traffic, air is bad, no proper power, no water, everyone digging borewells..
Why should citizens pay 30%
Make it 100 and just kill all salaried working families
@vinayc