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With Budget 2026 approaching, the insurance industry hopes for a hike in tax deductions, extension of tax benefits to the new tax regime for both health and life policies, and a resolution of the input tax credit (ITC) on GST.
With the Union Budget 2026 on the horizon, India’s engineering exports industry has refined its agenda to address longstanding challenges, including working capital blockages, tax disparities affecting micro, small, and medium enterprises (MSMEs), and the rising costs of adopting environmentally friendly production methods.
Small business owners and traders in Hyderabad have urged the Centre to provide some relief in GST and rising procurement costs in the upcoming Union Budget 2026-27, citing shrinking margins and slowing demand.
Budget 2026 Income Tax Change Expectations : Like every Union Budget, this year too taxpayers are carrying a long wishlist for Budget 2026-27, and tax relief is right at the top.
Expectations are high for further rationalisation of income tax slabs, an increase in standard deduction, enhanced rebates, and new incentives to boost household spending and long-term investments.
The mutual fund industry has presented its wishlist for Union Budget 2025-26, which includes proposals for earlier tax rates on capital gains, restoration of long-term indexation benefit for debt mutual funds, and mutual funds should be allowed to launch pension-oriented MF schemes (MFLRS) with uniform tax treatment as NPS.
As the Union Budget 2025 draws near, there’s a growing buzz about potential changes in Income Tax policies for the common man. Experts have offered several recommendations focusing on significant changes to personal income tax, specific tax areas like EVs and crypto, housing benefits, savings incentives, and more. These proposed reforms aim to provide relief to the taxpayers.
Anticipation is running high among industry stakeholders and citizens as we get nearer to Finance Minister Nirmala Sitharaman’s Budget announcement. From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, hopes are high for income tax cuts, GST sops and other initiatives.
As Finance Minister Nirmala Sitharaman prepares to present her second Union Budget during the current term, expectations are high for both businesses and citizens. The Union Budget 2025 arrives at a crucial juncture in India’s economic trajectory, where the focus remains on driving growth, improving efficiency and enhancing transparency.
Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to increase the income tax threshold for the 30% tax bracket in her Union Budget 2025, says Adhil Shetty, CEO of BankBazaar.