Budget 2026, Jan. 30 -- Last year, Finance Minister Nirmala Sitharaman surprised the Indian middle class taxpayer with a mega income tax overhaul, which significantly lowered the income tax outgo for several people. In Budget 2026, taxpayers are anticipating another surprise income tax announcement that would benefit them. But the question remains - will FM Sitharaman announce any income tax cut in Budget 2026 on 1 February?

According to experts in the industry, Budget 2026 income tax expectations can be limited to tax rationalisation and some changes in terms of TDS and standard deduction. No major income tax cut is anticipated this year, given the FM already announced an overhaul during the last Budget itself.

According to Naval Kagal...