As the government gave massive tax concessions last year, the Union Budget 2026 is expected to boost certain sectors which have been long pending. SMEs“India requires far-reaching reforms in tax administration, particularly to ease compliance pressures on SMEs under income tax and GST. Health insuranceExperts are also of the opinion that there must be provision for income tax deduction on health insurance premiums under the new tax regime. Higher loan interestAs the prices have soared sky high with limited tax relief, purchase of homes has become a distant reality for many taxpayers. With the present tax policy, one partner who earns more than the other or single earner bears the tax burden, often pushing income into higher tax slabs.

Source: dna January 29, 2026 18:14 UTC