Finance
Mr. BillionhairBudget 2026: New Tax Regime Needs Major Fixes, Believe Me!
Folks, we’ve got a new tax regime – it’s simple, it’s lower, but guess what? Middle-class taxpayers are still getting squeezed! Budget 2026 is on the horizon, and experts say we need big league relief! For those earning Rs 10 lakh to Rs 15 lakh, it’s a disaster! We need deductions for essentials like healthcare and housing. Senior citizens? They’re left high and dry! Let’s make taxes great again!
few days ago | Amit Kumar
Quick rundown
1.The new tax regime is popular for its simplicity but lacks relief beyond Rs 12 lakh.
2.Experts suggest Budget 2026 should offer targeted relief to enhance the regime's appeal.
3.Increasing the standard deduction could improve household cash flow.
4.Reintroducing limited deductions for healthcare and housing is recommended.
5.Senior citizens need age-sensitive tax relief in the new regime.
