Budget 2026 Expectations: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2026 on Sunday, 1 February. Over the years, the government has made certain adjustments to the New Tax Regime to simplify it, including modifying the tax slabs. But will FM Sitharaman make any changes to the income tax sector in Budget 2026? Reintroduce deductions for homebuyers, say experts ClearTax founder and CEO Archit Gupta emphasised the need to incorporate Section 24(b) of the Income Tax Act, 1961, into the new tax regime. According to Gupta, introducing interest deductions in the new income tax regime can lower the cost of housing finance.

Source: Mint January 15, 2026 02:42 UTC