Budget 2026: Relief to the pockets of the general public! From tax slab to subsidy, know what can be special this time

Budget 2026 Prediction: As the month of February is approaching, the eyes of the entire country are fixed on the upcoming budget of the Modi government. Budget 2026 is coming at a time when the middle class is struggling with inflation and the youth are looking for new employment opportunities. Experts believe that this time the budget will be based on ‘inclusive development’ and ‘middle class’ Could be a relief. Let us discuss the issues that can be included in this budget.

1. Income Tax: Expected change in slab

The biggest attraction of the budget for the common man is Income Tax. The middle class hopes that the ‘New Tax Regime’ To make it more attractive, the government can increase the standard deduction limit from ₹50,000 to ₹75,000 or ₹1 lakh. Also, there is a possibility of increasing the tax-free income limit of up to ₹ 7 lakh, so that people have more money (disposable income) left in their hands to spend.

2. Control on inflation and subsidized ration

In view of the rising prices of food items, the government may continue to allocate large funds for the PM Garib Kalyan Anna Yojana. Besides, big announcements can also be made regarding subsidy on LPG and fertilizers so that the rural and urban poor can get relief.

3. ‘own house’ Will the dream come true?

The budget of PM Awas Yojana can be increased to boost the real estate sector and provide affordable houses to the general public. There is a demand to increase the limit of tax exemption (Section 24b) on home loan interest from ₹ 2 lakh to ₹ 3 lakh, which will provide great relief to first-time home buyers.

4. Employment and skilling for youth

The main focus of the government in the 2026 budget is ‘employment creation’ Can live on. Giving tax holidays to startups and ‘Make in India 2.0’ There may be an announcement to create a new manufacturing hub under this. Additionally, more funds may be allocated for the National Apprenticeship Training Scheme.

5. Invest in health and education

There has been a continuous increase in the health budget since Corona. It is expected that this time the scope of Ayushman Bharat scheme will be expanded, in which middle class senior citizens can also be included. In the field of education, emphasis will be on digital university and AI learning.

Also read: Who was Siddharth Bhaiya? Died of heart attack at the age of 47, a ‘hunter’ who used to search for gold in the soil

Big challenge before the government

Point to be noted is that budget 2026 There will be a balancing challenge for the government. on one side fiscal deficit To control and on the other hand to live up to the expectations of the general public. If the government gets the right balance between tax relief and infrastructure spending, this Budget will be a ‘Developed India’ This will prove to be a big step towards.