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New Delhi: There are special expectations among the common people regarding the Union Budget 2026 to be presented on Sunday. This time, Finance Minister Nirmala Sitharaman can take decisions that directly affect taxes, employment and people's pockets. The demands of the public are clear and they want to get direct benefits from the budget.
The oldest demand of employees and salaried people is to increase tax exemption. Especially, it is expected to make the income tax slab easier by raising the standard deduction, so that people with low income can get benefits.
There are many suggestions to increase the income of farmers and reduce their expenses. These include demands like increasing the amount of PM Kisan Samman Nidhi, reducing crop insurance premiums, and relief on fertilizer prices.
There is a demand for amendment in taxes on goods and GST to reduce inflation. The common man wants the tax burden on everyday things to be reduced so that his daily needs become cheaper.
Women entrepreneurs and working women have expressed hope for the budget for easy credit, loans at low interest rates and schemes to increase employment so that they can become self-reliant and expand their businesses.
In the new tax rule, there is already a tax exemption on income up to Rs 12 lakh, but people want it to be increased to Rs 14 lakh or above. There is also a demand to increase the standard deduction so that there is less pressure on the pockets of the taxpayers.
Overall, this time the budget is being made keeping in mind the pockets of the common people, the simplicity of the tax system and the relief of the farmers and working class, so that the economic momentum is maintained and the people feel the direct benefits.